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

To: Don Green who wrote (14700)	10/29/2003 4:13:46 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

What I was saying or trying to say is that investors don't hold a big share of property in my area. I live in an area of family-sized detached homes and only a limited number of townhomes, condos. Condo fees are way too high to make them good investments. A seller will make more money selling his townhome to a "regular" buyer than to an investor, and the investor won't have a good way to make money from it anyway. I know many investors (mostly real estate licensees) who used to own detached homes and townhomes and have sold them to cash out huge amounts of appreciation in the past 10 years or so. I doubt they have replaced them with other properties. One of the better investments right now might be investing in mortgages, and there are consortiums of investors who do this and make a lot of money at it. If the alleged bubble bursts, there will be many needy homeowners who will be seeking to refinance and won't be able to qualify with a regular lender at regular rates, so there will be many greedy and smart investors who will be willing to do that for them at exorbitant interest rates.