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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (14194)	1/29/2002 6:36:25 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 74559

i prefer REITs for real estate. one problem with buying individual properties for a small investor is the difficulty in gaining decent diversification. not to mention possible lawsuits and overhead.

To: LLCF who wrote (14194)	1/29/2002 8:38:02 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Come on DAK, take a page from the ENE officers of this world (prediction: if they didn't do this following thing already, they will have before the drama is over): A nominee-held company on the island of virgins complemented with a Caicos Island bank account can cure most frivolous legal troubles. The ex-owner or current owner can live off zero interest balloon payment loans from the nominee-controlled company, even right next door to the apartment complex in question. Better still, for current owner, who are really the ex-owners as well, take down a 125% equity loan from the island based company, with first claim on assets, in case somebody sues for assets. The legal beagles generally shy away when they do not believe they can win anything even if they win everything. Chugs, Jay

To: LLCF who wrote (14194)	1/30/2002 1:26:59 AM
From: marcos	Read Replies (3) \| Respond to of 74559

Big 'leaky condo' supreme court case here in BC recently - cle.bc.ca ... kind of funny at one point, the judgment specifically states that it is reasonable for the homebuyer to expect the rain to be kept out -g- .... well on the BC coast that's funny Real estate here is actually showing signs of turning up from a trough, lowest point probably one year ago ... but it was really beaten down, and hasn't recovered much ..... it could recover more if Washington DC corruption would abate and BC lumber could be exported without hassles and payoffs ..... in some parts like Victoria prices have definitely firmed and there is building going on again The real estate cycles here i've followed for near four decades, they tend to follow cycles back east, what happens is somebody in Calgary or Markham or wherever finds their house has appreciated to where they can retire early, so they move to the coast, buy a house for a third as much and live off the difference plus pensions et al, throwing away their snow shovel because hey it's the banana belt of the Great White North and while it has been known to rain 'you don't have to shovel it', then one day it does actually snow so they go out and buy a new snow shovel and this helps to stimulate our economy, so that's good .... all this happens following economic cycles back east of course, and there is a lag to it, real estate can be quite crashed back there and we're still getting inflow, or it can be rolling back east and we have yet to feel the effects, not wise to hold one's breath either as it can take a while There are other local factors of the economy, but migration tends to augment them greatly and follow roughly the same wave form ..... i don't see a crash coming here, we've had one and are now pulling out of it, lord willin and the crick don't rise