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

To: KM who wrote (45389)12/4/2005 11:52:52 AM
From: John VosillaRespond to of 306849
 
You have to buy way below replacement cost in area with at least decent demographics. It will fill out unless the whole world is going to hell and depression is on the horizon. Meanwhile the next ring of sprawl further out with much higher costs of construction fills out. Here in S Florida people paying $15-20k just to replace the pool screens damaged in the hurricane. Construction costs keep going up. Probably looking at construction costs and rents perhaps tripling in 15 years. You have your 15 year fixed mortgages all paid off by then and you are sitting pretty for retirement..



To: KM who wrote (45389)12/4/2005 12:11:35 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
"I checked later and it ended up in foreclosure. It was auctioned off and sold for about 70% of the amount owed. The owners ended up in bankruptcy court."

With the new bankruptcy laws, will a class of lawyer emerge that pursues the loss of value for the lenders for a percentage?


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