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

To: Les H who wrote (7720)	1/1/2003 10:03:06 PM
From: John Chen	Respond to of 306849

Les,re:"foreclosures". These are bullish for the RE "pro". The one with 'insider information'. Normal home buyer don't get real deal. Some home owner can't afford to sell within 12-24 months even with 8% annual price increase. The FED is trying very hard to get the next bag-holder to pickup the tab under 'no inflation illusion'. The pro pick up the property at good price and take the FED's money and run (or wait for next kill). Of course, the FED can 'reinstate the inflation index' and apologize for the ooops.