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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (1061)	11/16/2001 1:52:03 PM
From: SpongeBrain	Read Replies (1) \| Respond to of 306849

>Not to be too gloomy. If you've got a swack of cash, it's a great time to buy up properties and hold them until the upturn in the cycle. Think positive. A chance to become a real estate king. swack of cash? buy up homes cheap? in my area, prices is still breaking new highs!! takes so little to buy 0% down, etc ANYONE can buy, and it takes YEARS to forclose people get severance, use savings, max out 10 credt cards, money from parents, etc etc I would think we are YEARS away from any "bargains" unless the bottom can fall out like stocks did last year where 5+ years of steady bull market perfoamance was wiped in under a year, nosedive....if that can happen, i have no idea. but i doubt it, there are TONS of dip buyers waiting in the wings. looking to be cash bargain king may not be realistic but maybe buying a much better home for the same amount can be realistic, over the next few years. PS: ive been a real estate bear since march 2000, but that was a terrible call so far. my original thoughts : Subject 51183