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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (82059)	5/23/2007 11:44:18 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

Ray... RE taxes are very high on lots and cash flow on houses is close to zero due to depressed rents and very high operating costs even if you don't have a mortgage. Seems 5% MM for now looks much better. I guess they need to place their money somewhere, have no other outlets for the cash they trust and don't care if the bottom is 2008 or 2010.. Remains to be seen if interest rates can remain so low. The true wild card IMHO cause if they do rise the glut and slack end user demand will go on for a lot longer than people think so locking in houses at low interest rates as long term rentals would be my only play later this year.. And as JQP says Florida isn't the draw it once was for folks who used to come here from up north. Newer decent sized 3/2/2's at $70 psf coming this summer will make it real interesting for retail investors..