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: Think4Yourself who wrote (180202)	1/28/2009 1:32:28 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Bargain hunters such as Parkin, a 50- year-old aerospace engineer who is shopping for a personal residence, and mom-and-pop investors on the prowl for rental properties, aren’t waiting for federal aid. " Buy those properties! The prices are going back up real soon and you'll get rich! All you have to do is pay property taxes while you wait. Dude, I made a killing on one of these foreclosed rental properties. Bought it for $400K in a 1994 auction by the RTC and sold it for $2.1 million in 2005. Threw off cash for 8 of those 11 years; was even for 2 of those years, and lost money the first year. Whose laughing now?