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


To: RockyBalboa who wrote (204136)5/25/2009 12:59:36 PM
From: Think4YourselfRead Replies (3) | Respond to of 306849
 
If things get much worse how are the investors going to keep out homeless squatters, drug addicts, and people stealing copper/fixtures to feed their families and/or addictions?



To: RockyBalboa who wrote (204136)5/25/2009 2:09:01 PM
From: patron_anejo_por_favorRead Replies (4) | Respond to of 306849
 
My own observation (re: Phoenix) is that rents are plummeting. So a lot of the funds are going to have their cash flow assumptions sorely tested, then they are also going to have their appreciation assumptions tested by the next wave of mortgage resets leading to defaults leading to foreclosures over the next 2-3 years. And that's even if employment remains stable which is a huge assumption in itself for Phoenix......