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

To: John Vosilla who wrote (151578)	9/28/2008 3:13:58 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

ridiculous? not in the least martin weiss is saying SELL any real estate you don't want to live in and i agree with that...i know people in my market (st. george) who despite a city tax credit of $10K (you read that right, the CITY is offering more than the US govt) the glut continues to grow....this despite depressed prices ....i'm sure they would love it if you showed up <gg> if we get any market lift or euphoria from this, my intention is to sell my CRA (actually i'll be selling either way while i still have enough capital appreciation to take the hair cut i fully expect)...i'm kicking myself for not having done so last fall when i first began contemplating the idea if you're investing very long term and can buy at prices that equate with equivalent rents (for now) and don't mind being a landlord and collecting rent payments that cover your debt service, have at it....but if you think the RE market we're entering into is anywhere close to the 1990's to early 2002's, frankly i think you are dreaming but still, wishing you good luck

To: John Vosilla who wrote (151578)	9/28/2008 3:15:28 PM
From: THE ANT	Respond to of 306849

I agree.Other than my house I have never owned other RE in the US.I do have many properties 100% paid in Brazil.I have an open enough mind to see that what I hated is now a better investment than my long term interest in Brazil RE.I wish I had your expertise to pick the right things.