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

To: Tradelite who wrote (14193)	10/7/2003 11:21:51 AM
From: Tradelite	Respond to of 306849

OT: seems a major calamity has just broken out in downtown DC--a gas main rupture that has set an entire street on fire, caused a water main break, prompted evacuation of GW University Hospital emergency room. Weird!

To: Tradelite who wrote (14193)	10/7/2003 2:49:08 PM
From: fatty	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 only looking for a bottom where if you pay 20% downpayment, the rental income should be able to cover the expenses and the 30 year mortgage. There is not such properties in Boston. You will need to put down a 30-40% at the current price level.