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

To: bozwood who wrote (14192)	10/7/2003 10:59:18 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

A better sign of a bottom is when you can't even get pennies on the dollar. The property is totally worthless because no one wants it. Only a real gutsy person with money to burn would venture into this type of bottom, so is it a bottom at all? (Philosophical question.) I'm thinking of some junk land I know about in Texas that for some reason looked very attractive to speculators during the 1970s and can hardly be sold today. People always feel smarter if they follow a herd.