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

To: RockyBalboa who wrote (87987)	9/3/2007 2:35:07 PM
From: Jim McMannis	Respond to of 306849

Yes, 30-50 cents on the dollar. I read it wrong. Very incredible for San Diego.

To: RockyBalboa who wrote (87987)	9/4/2007 12:08:11 AM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

Sounds like it could be a pretty good deal. One would need far more than just the 10M to buy the portfolio. You need money to hang on to them -- upkeep, security, taxes, insurance while waiting for things to rebound. Problem is real estate was the industry of San Diego.