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

To: Les H who wrote (123666)	5/17/2008 10:33:31 AM
From: Jim McMannis	Respond to of 306849

Housing woes lure back bold buyers By Ron Scherer news.yahoo.com New York - The depressed housing market is now attracting buyers who look at boarded-up homes, rising foreclosures, and falling values and see, not disaster, but a rich opportunity. They have cash so they don't need to go to the bank. The homes they're eyeing are selling at 2004 prices or lower. And they are certain – make that almost certain – that they will profit from the nation's real estate problems...