Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Liberty Eagle who wrote (136629)	7/28/2008 11:10:23 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Is it time? For the building industry no..perhaps in another five years. However it is certainly time to start buying existing property at least in my state from those motivated or at auction.. For example in one of the hard hit areas I just tracked in MLS an REO 3/2/2 for sale at $54k that sold for $260k at the top and $69k brand new back in 1993.. Sounds like we've already gone through that 1929-32 thing.. Big question is interest rates, extent of dollar debasement and costs to construct if you are looking out 5-7 years.. There might be no place to hide for most who don't understand..think the 70's<g>