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

To: John Vosilla who wrote (33145)	6/11/2005 1:26:46 PM
From: John Chen	Respond to of 306849

John Vosilla,re:"10-25 years". For mass., the peak to recovery was: 1986 to 2002. That is if you bought in 1986, you're underwater until 2002. Boom, you get back everything and more in 3-4 years (where the RE investment genius popped up everywhere, on every media possible to extract the last few drop of blood). Price point: from $280000+(1986), to $520000(2005,april), with probably 50K+ fixed up (and a dead spouse)... Other than the last 3-4 years, it's terrible investment. "the dead spouse" is an extreme case, probably you get a EX or 2 or more, with such a long cycle. Of course, this time is different, with the Fed to bail you out. Rumor has it that if you sign up for 8+ years of military service, you'll get 'mortgage assistance'. It's a win-win for the elites. You get someone to die for your agenda and you also get to use their SSN to suck money from the treasury, while the 'virtual home owners' get the taste of 'home-ownership feeling'. Make no mistake, homeownership is not the same as owning a home. It's like stock certificate, you think you own part of the company. So you just got a 'mortgage paper'(deed) that you own a home.