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

To: Micawber who wrote (8309)1/21/2003 2:19:56 PM
From: Jack of All TradesRead Replies (1) | Respond to of 306849
 
"Historically, condos are the worst RE investments"

Once again it's when you buy depends on the rate of return. Just like entry into a trade is everything, bad entry and you get stopped out...

I know of one guy that is retired (45) thanks to his timing in condo purchases in the late '80s. You could by them at auction for $10K, now selling for $100K+... He only has 4 of over 30 at one time, keeping them for monthly income. He has told me he is waiting for the bankruptcies to start in the next 2 years or so and will start buying...



To: Micawber who wrote (8309)1/21/2003 4:19:05 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
>>Historically, condos are the worst RE investments, and investors are chasing them now because they've had a great run, and they are more affordable than SFR's<<

that's true, historically...

what i was getting at in my earlier post was that the boomers nearing retirement may be creating more demand than what has been the historical norm.


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