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

To: Liberty Eagle who wrote (97909)	12/20/2007 10:50:36 AM
From: Drygulch Dan	Respond to of 306849

Even simpler - don't drink coffee. I bought this "shack" at the top of the 89 local bubble. So potential gain will be diminished but what the heck the first $500K is tax protected. Doesn't matter much though, cuz the gov't will get it all after a couple of generations through inflation and inheritance taxes.

To: Liberty Eagle who wrote (97909)	12/20/2007 11:32:12 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'The price of RE has always and will forever keep pace with the rate of inflation and wages at the mean. You make your fortune buying below the mean and selling when it’s above, it’s that simple.' Yes a very simple concept...the rules changed for a while during this mania for the ages..going back once this shakeout is complete to increases in rents, prices and costs to construct back to trend.. If Mike Johnson is right then owning distressed property and leveraging at these low fixed rates will be the best safest play out there to protect yourself from what is coming the next 10-15-20 years..