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

To: Riskmgmt who wrote (124849)	5/22/2008 9:26:31 PM
From: Jim McMannis	Respond to of 306849

Fed Signals Contraction Won't Spur Interest-Rate Cut bloomberg.com May 22 (Bloomberg) -- Federal Reserve policy makers signaled that an economic contraction in the first half won't be enough to spur further interest-rate cuts because of a rising threat from inflation.

To: Riskmgmt who wrote (124849)	5/22/2008 9:58:38 PM
From: Jim McMannis	Respond to of 306849

Officials file charges in alleged real estate scam news.yahoo.com A San Diego business has been shut down in connection with a real estate scam that victimized as many as 400 homeowners in San Diego County, federal and state authorities announced Thursday. Four arrests have been made as the result of a joint operation by the San Diego County District Attorney's Office, the California Attorney General's Office and the FBI. According to prosecutors, Federal Land Grant Company -- a San Diego-based business run by William Hutchings, his wife Xiaoke Li and former wife Shawna Landis -- tricked desperate homeowners into believing that they could protect their homes from foreclosure by deeding their property to "federal land grants."

To: Riskmgmt who wrote (124849)	5/23/2008 8:58:08 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

So type of properties are you looking at, what methods to buy? SE FLorida is land constrained which is a big plus for appreciation down the road. Many condo conversion and 55+ seem to have the biggest drops..The thing most shocking this time is a lot of amateurs with more access to capital than brains are still out there in large part because of info available via the internet this cycle chasing deals even after all that has happened in recent years. Interesting times