Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (49514)	3/5/2006 6:01:27 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"There were millions of buyers of certain types of real estate in the 70s (I'm thinking condo conversions) who NEVER recouped their money" Probably very early eighties but you're right. Most around here took years but did recoup plus a lot more now.

To: Lizzie Tudor who wrote (49514)	3/5/2006 6:13:31 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

The quote you posted just set me off. I can see hordes gathered around the water coolers tomorrow stroking their greed with that "expert" advice. Maybe those coolers are being filled with clear kool aid.

To: Lizzie Tudor who wrote (49514)	3/6/2006 10:36:04 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<There were millions of buyers of certain types of real estate in the 70s (I'm thinking condo conversions) who NEVER recouped their money or if they did it took 20 years.>> It sure didn't take that long in the DC area. I sold some of those condo conversions in the '70s, and sold them at a profit and got the clients into something else during '80s. The condos they originally bought only cost around $30-40K. Don't know whether all of them still hold the '80s properties ($100K and up), but if they do, they are sitting pretty right now at values of approx $400K and up.