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

To: Elroy Jetson who wrote (9707)	3/18/2003 4:18:44 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

aren't you seeing any declines down there yet? We sure are up here.

To: Elroy Jetson who wrote (9707)	3/18/2003 4:36:33 PM
From: Wyätt Gwyön	Respond to of 306849

i was visiting LA recently and talked to a person involved in apartments. he said picked up a rundown 8-unit apt building for about 330K and made 12K of repairs (i assume that was just materials, not counting labor, since he is in construction he probably does not count it). he was able to raise rents to an average of 1K a unit, and was offered 1 million for the property in the space of a few months. but he said he won't sell because the price can keep going up.