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

To: John Vosilla who wrote (106164)	2/22/2008 11:30:07 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

You see where the "foreclosure buses" are hitting Northern Palm Beach, Martin and St. Lucie counties now? Lee, Collier, Charlotte, Sarasota, Manatee can't be far behind.

To: John Vosilla who wrote (106164)	2/22/2008 11:30:51 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

thanks!!! I am very glad to hear you coming around about when to buy. I have only lived through one major RE decline here, in the early 90s (and it was much worse than elsewhere in the country). What I remember, then is that even though the decline was really 90-94, the huge bargains came about 1/3 into the bust. Not at the end. But the statistics didn't really show that. By 2010 a lot of these bank owned properties will be back in the system. If you really want a deep deep discount you have to buy an REO- very seldom is an individual that distressed- and those REOs are now this year and early next. After that, its over.