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

To: John Vosilla who wrote (91133)	2/1/2008 3:13:32 PM
From: GST	Read Replies (1) \| Respond to of 110194

<1 in 10 homes in parts of FL in foreclosure> I lived through the Hawaii real estate meltdown of the 90s -- and that is a better model of what is likely to happen to the US. You need to think of this as a ten year delcine, not a sharp sell-off with prices taking off a few years down the road. If you buy a house now you can probably break even before 2015 -- but don't expect it to keep pace with inflation. If you can buy something worth buyong at a deep discount, go for it. But much of the deep discount property is deeply discounted for a reason -- because it is nearly worthless -- and that is not something to ignore.