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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (34903)6/27/2005 10:06:23 PM
From: jackjc  Read Replies (4) | Respond to of 110194
 
Having been involved with Fla RE for a few decades thru
several cycles, my observation is that selling dries up as
few will accept the price drop (or disappearance of the
projected gain). The few distress sales are good buys but
they are relatively few and unlike the stock crashes of high
vol will not provide an entry for many.

So if the bargains showed up on the books or not they are
hard to glom on to.

But even without super timing, making money in RE is an
order of magnitude easier than stocks. Maybe 2 orders.



To: Elroy Jetson who wrote (34903)6/28/2005 12:24:41 PM
From: benwood  Respond to of 110194
 
Today on my bike ride in through my north Seattle neighborhood, I saw something I hadn't seen since 1990. A realtor's FOR SALE sign had this tacked on: PRICE REDUCED.

The particular realtors are the top sellers in my 20x20 block area, so they probably priced the house correctly (or so they thought). One house doesn't make a trend, but one house at some point will start the trend.


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