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

To: Les H who wrote (47498)1/20/2006 1:15:40 PM
From: John VosillaRespond to of 306849
 
"Estimates suggest that as many as four out of every 10 purchases in some places were by investors, some of whom Seiders believes are depending solely on appreciation to float their boats and are not even renting their units.'

That is interesting as I live in one of the bloated bubble markets. Single family around me is all owner occupied people who live and work here full time. Than I look at the new high end condos and they do seem 70-80% vacant. I also know of a ton of newer single family developments in Florida in resort areas far from the jobs that also have a similar percentage of absentee owners..



To: Les H who wrote (47498)1/20/2006 2:57:29 PM
From: KMRead Replies (2) | Respond to of 306849
 
You have to wonder what kind of "speculators" are still in this market. I'm such a chicken. If I'd been trying that, I'd have been out last summer or even sooner. It always makes me nervous when you have people clamoring to buy your house, stock, what have you.


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