Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (5376)	12/13/2001 11:54:14 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 36161

Hi Kastel, In the late 80's & early '90s I was in the restoration biz. ie: rehabilitating commercial & rental/condo highrises to make them more attractive to buyers (typically offshore) who where interested in the ROI long-term. It is my understanding that @ that time in the Toronto area investors were quite happy to pick up units of say an apartment building for $35,000.00 dollars Cdn & would flip them if they reached their target of $80,000.00 CDN. When you multiply the number of units to... say one building $35,000 X 300 units & do the flip o'rama... that is one heck of a lot of coin. I am not in the biz anymore... but I still have some friends who are... who have been "frantically" selling their real estate assets since last year. Both commercial & rental real estate primarily highrises FWIW. One guy I party with was just looking for a double in the rental real estate market. IMHO, he nailed the top... (he is much smarter than I am thats for sure) BWTFDIK, Peter

To: Cogito Ergo Sum who wrote (5376)	12/14/2001 12:07:43 AM
From: Davy Crockett	Respond to of 36161

Hi Kastel, Follow up to my earlier post to you. I personally believe that we are in a type of "bubble" regarding real estate in the southern Ontario region. Like all bubbles, enjoy it while you can. A question for you... what do you think will happen when Greenpimp & Co. decide to raise interest rates? My bet is when (of course I have no idea on the timing) interest rates start to nudge higher real estate prices will start to nudge lower. I know that the preface appears to be overly simplistic, but, then again, I am just a simple person. Regards, Peter