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

To: GraceZ who wrote (6904)	11/18/2002 10:50:28 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

I said I have not seen real estate go to zero....but I don't live in Baltimore, nor did I inherit any bad investments made by others in that location. I've had my share of bad investments made by others dumped on me, but they never went to zero, and the original owner's capital DID get recovered, eventually. Ya know, I've heard all the arguments posted on this thread many many times before....and each is entitled to his own opinion based on his own experience. Each person is equally entitled to make his own mistakes re: timing and quality of real estate purchased and how it was financed. The bottom line for people who didn't make those mistakes is pretty good....believe me, you don't find too many real estate salespeople believing MORE in stocks than they believe in real estate. And none of them think short-term when they purchase real estate, either....short-term thinking is a killer for people who think they can turn over their real estate in a short period of time at any advantage to themselves.