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

To: GST who wrote (99010)	1/4/2008 5:53:55 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

Zeus is talking about buying at way below even distressed prices. It is not rocket science but amazing how few smart people understand this. As this unwinds so few savy investors working the field these past few gut wrenching years will be left just at the exact same time the flood of distressed inventory swells. The big problem I see today is still enough money is out there to think they get a deal at auction cause it is 40% below 2005 prices and the current assessments by the county. It was common to buy 20-50 cents on the dollar for most of the 1990's if you had a niche.. This time I imagine $250-400k homes in bubble markets getting repriced back to $100-175k as we speak will be bought by savy investors at 40-60 cents of the 2008-09 rock bottom prices. Leveraging at 5-6% fixed rate loans and controlling for the inflationary cycle the next 10-15+ years is an added bonus we didn't have in the early to mid 90's..This is how the next group of junior Rockefeller, Zell or Buffet's are born if our inflationary thesis plays out<g>.