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

To: Tradelite who wrote (60016)	8/15/2006 6:37:58 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 306849

Was looking at a commercial in Idaho they paid 600k a year ago. 40% vacancy. Long Term tenants in the rest . Crappy cap rate. 4th price redux. Now asking 350k. That's only a 60% loss in a year. Ouch! IF they sell for that. Cap Rate starting to look better with good upside if vac reduced to 15%.

To: Tradelite who wrote (60016)	8/15/2006 11:18:54 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

<<"opportunity time" is just beginning to surface for those who have a better understanding of real estate and have money in the bank to create their own equity stake in what's left behind by the foolish folks>> You think the opportunities are starting now? I'm ready, willing and able and also patient but don't see it any time soon. Downturn just starting, values still way too high, foreclosure filings just starting to rise,recession on the horizon and still a ton of vultures in the game looking to pounce on any perceived distressed situation. A few now grasp the magnitude of what is unfolding whereas none did earlier this year.