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

To: Lizzie Tudor who wrote (22119)	7/12/2004 5:41:59 PM
From: David Jones	Respond to of 306849

>>>when was the last time you saw 2-3 houses for sale on every street<<< I've seen it but cant recall the period for sure, early nineties I would guess. There were plenty of what one today would call great deals. Not many were looking to buy hence it was a good time to load up. It was and still is holding power that's everything. One needed to buy and forget which means money or income form other secure sources. The rich get richer for a reason. I know of a Korean family {Len or Lin} that bought property during the early eighties all around the Amador Valley. The order to their attorney was to buy anything in line for development within the next ten years. I know this because I know the ranchers that leased that ground to run their cattle. Well it took closer to twenty but today the Lin's are really making it with ten fold returns or much better. Come up here to the 580/680 interchange head West and at Santa Rita Rd look North. And about everything West from there be it the the huge three story condos to the golf course surrounded by million plus homes in the back ground is on their property and it be mighty. And that's just some of their holdings. It's a long game and the last ones standing win.