Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robin Plunder who wrote (90318)	1/10/2008 8:50:25 AM
From: Pogeu Mahone	Read Replies (2) \| Respond to of 110194

80% off you cannot go wrong. with banks starting to let them go instead of REO as vosilla reported, start learning now , so you will be ready by spring time. i think a waterfall will develop, no choice just like 1991. hard to believe this is happening a second time within 20 years.

To: Robin Plunder who wrote (90318)	1/10/2008 11:25:19 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

Historically prices have hit close to bottom within three years of the down move.. Happened in the oil patch, NY and LA houses and FL condos in the last downturn. If you buy a decent percentage below market at that point (15-20%) you are very safe as you are in way below everyone else this decade, way below what it would cost to build brand new and probably somewhat less than what equivalent rent would be.. It won't happen in every neighborhood in your target market area but will be much worse in the most overbuilt, speculative subdivisions with few end users living there now. It just a matter of what is most important to you..