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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 (25400)	11/24/2004 10:41:07 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

<Occasionally there have been historical real estate bubbles which focused on Florida swamp-land, or empty Los Angeles desert. If you can whip up an enthusiasm for a bubble in those land types, then you really have a bubble which is historic and will never be forgotten> Without a doubt we are at that point in much of Florida. You would not believe how big a business flipping junk land and overvalued preconstruction condos is down here today. Many even use EBAY to sell now. On one of the many new real estate shows the host yesterday talked about how the still red hot South Florida market still has a ways to go and should have values comparable to NYC and LA which truly made me laugh. Even worse than Manhattan realtor Barbara Corcoran coming on the Cavuto FOX show and pumping her market as still cheap relative to London.

To: Elroy Jetson who wrote (25400)	11/24/2004 6:48:17 PM
From: David Jones	Respond to of 306849

>>>>>Florida swamp-land, or empty Los Angeles desert. If you can whip up an enthusiasm for a bubble in those land types<<<<<< Ay yes the good old days. Have you noticed how difficult it is to find new cemeteries. Not that either you or I are planning to move to one in the immediate future. There is though a shortage for many committees and in that business your units are quite small and expensive. You know even NIMBY's need cemeteries. And the tenants are so quit you don't even know they're there.