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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (29592)	2/17/2008 8:48:57 PM
From: Maurice Winn	Respond to of 219013

C2, thanks for that link to Ramsey's report. It does look as though things will get a lot worse before they get better. I should probably borrow NZ$1bn, convert it to US$, buy a swarm of properties in the San Diego region, rent them to the previous owners who like living where they are, with a right for them to buy them back provided they maintain rent payments. Some figure above the current price would be the buy-back price. They would have some incentive to maintain the property and would be liable for all maintenance and repair costs. Hey presto, everyone would win [except the previous lenders who would at least get some money back maybe]. Mqurice