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

To: redfish who wrote (31315)5/16/2005 10:53:26 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
He sounds a lot like many who made a quick killing during the dotcom mania. I just wonder how many completed new homes remain empty and not calculated in existing inventory yet due to the owner/flipper deciding to hold off selling in expectations of making a further killing the next 6-12 months. The incredible recent experience of this still very green 22 year old would lead me to believe he thinks he is invincible and anything he touches will turn to gold.



To: redfish who wrote (31315)5/16/2005 12:12:02 PM
From: Mike JohnstonRead Replies (1) | Respond to of 306849
 
They snap up real estate, flip it, then chase the next hot market.They’re the new day traders—and they’re dancing on the edge of a volcano.

We know what happened to a lot of daytraders 5 years ago.
But this cannot possibly happen to "house daytraders".
Houses are not stocks, everybody needs a place to live. At least 6. ( lol)


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