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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 (25291)	11/17/2004 11:48:08 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

I agree. Look at the mid oil 80's bust that preceded the early 90's along the coast. I think they were building something like 40k condos per year in Houston from 81-85' that still have not been absorbed. You can still buy 2 bedroom 1k sf condos built in the early 1980's there in the low $20k range that rent for $600-650 per month. Though as a contrarian play it might be time for those to start moving up as people downsize and costs of construction continue heading much higher. In any case the cash flow is tremendous unlike the bubble markets if you are looking to place money these days.