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

To: JakeStraw who wrote (27982)	3/10/2005 1:07:55 PM
From: Tradelite	Respond to of 306849

Same in my town, Jake. I'd like to meet a speculator who is interested in paying $500K, 800K or more than a million to buy a home here that he won't live in, and then try to rent it out to some fool at $4,000 per month or much more. Speculators probably can't even get their foot in the door here, and true investors are probably too smart to try. And if someone truly doesn't NEED to live here, they should and would go somewhere else where prices aren't so high.

To: JakeStraw who wrote (27982)	3/10/2005 1:26:14 PM
From: bozwood	Read Replies (2) \| Respond to of 306849

From Contrary Investor (don't have a link to the original article from a few days ago): The folks at the National Association of Realtors (NAR) have done us a favor. For the first time ever, they recently released a detailed study of the complexion of second home ownership. What they found was that in 2004, 23% of all homes purchased in the US were "second homes" for investment. Moreover, another 13% of all home purchases were "second home" vacation properties.