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Strategies & Market Trends : SiliconInvestor All Stars Forum -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (1683)	6/26/2008 4:10:49 PM
From: John Vosilla	Read Replies (2) \| Respond to of 1718

yes prices might fall a little more in the worst hit areas but three factors the eternal gloom and doom crowd misses: interest rates are at historic lows motivated sellers/banks are wheeling and dealing and even a novice can negotiate an incredible deal illiquid markets make those properties currently for sale that aren't turn key an even bigger bargain cause the way these CMO's were set up the fund doesn't have the authority or cash to fund improvements<gg> So who cares if a year down the road the published averages show median prices in your MSA dropped another 4.6% on top of the 45% plunge so far if you got a bit below today's market today and locked in low fixed rate financing..