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: MulhollandDrive who wrote (151407)	9/28/2008 3:01:48 PM
From: John Vosilla	Read Replies (3) \| Respond to of 306849

Ridiculous statements MD... I buy way below current market...ever here of creative investing or of distressed investing? There is an entire side of RE especially in illiquid markets with high supply and limited demand that the public is totally clueless on. I don't think this group is nearly as savy as they think on the topic playing the rigged stock market casino a bit too much,watching all the news minute by minute or staying high and mighty above the frey as all this chaos unfolds..that is my shift in attitude along with the fact market values have come way way down making discussions here a game of fools gold now IMHO..nothing personal with any of you guys it was a great discussion when a pending RE crash was relevant in my world and few anywhere to bounce this stuff of during the mania peak in 2005-06... you don't need appreciation to make the deals work today down here now..deals easily pencil out to 40%+ annual IRR with modest appreciation for anything I might want to hold longer term and not quickly flip for a nice profit after clearing title issues or a rehab..the 1990's to 2002 were the best of times for me with little competition, a general public that despised RE and modest appreciation in values starting around 1995.. Think about this... it turns out 99% of the perma bears predicting a RE armageddon were people who despised RE all along...yet most everybody who was a believer of RE during the boom is about wiped out by now..how many are out there who understand RE and are willing and able to pick up all the crumbs?