To: silenceddissenter who wrote (86875 ) 8/24/2007 11:23:27 AM From: John Vosilla Respond to Parts of FL are already back to 2002 prices with no end in site so another leg down is a certainty there. So if I buy at auction later this year and 2008 at 40% below a market value that happens to be at 2000 prices considering where our dollar is and how much higher the cost of construction are today I would say that is as safe as anything I've ever seen. This whole situation is so amusing. The suits and armchair economists have no idea of what real estate is all about, how to really invest, how to find the deals that insure profits yet everybody is an expert now in the age of the internet. On the flip side I talk to tons of investors in the game everyday few that have a clue as to how the pimps on WS and in DC impacted their industry. Many have come to realize lately the whole mania was all a scam (as all here would agree). A few others still think this whole collapse is overblown and due to the media being to negative.. Watch NYC, San Fran, London home prices and how they adjust the next few years for the ultimate clues of our future.. Remember Puplava, Mish, Grande, Roubini, any realtor pimp, national association of homebuilders ect.. all have their agenda. It is create traffic, create interest and sensationalism equating to dollars using their myopic view and target audience..
