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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (26398)	3/26/2007 2:51:09 PM
From: SI Bob	Respond to of 78748

Yeah, I think commercial real estate is relatively safe, which is why I expect semi-recovery in FMT. Will check on FPO. Anything better than 4% is worth looking at, IMO. I don't think residential real estate has bottomed yet, but haven't really been able to gauge how it's doing locally. I live in an area where the only new houses being built are very upscale, and they're continuing to be built and sold. I'm watching out of the corner of my eye for an opportunity to take money out of equities to get a little more into real estate. All I've got right now is the land my house is on and some empty lots at a local lake community that was so successful (so few are) that it actually became an incorporated city. My expectation is to eventually sell those to baby boomers further along than I am. I really lucked out on one of them. Corner lot right across from where a church ended up being built. I'd been trying to buy a nice 80-acre piece that adjoins my land but the darned guy sold it last year for the same price I told him 3 years ago I'd give him and that it was a non-expiring offer. I don't foresee the current owners ever being motivated to sell it for anything less than a steep profit. Thought it'd be a great place for a landing strip if I ever got that brave and affluent, or a bunch of "gentleman farmer" lots that I still wouldn't have to see from my place.