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

To: Peter V who wrote (234558)	12/28/2009 8:29:48 PM
From: John Vosilla	Respond to of 306849

What can I say. Your world, both real and perceived, is NASDAQ June 2000 while mine is NASDAQ March 2003... I like cash flow, I like instant equity..I have a system to find it and rarely is it in my backyard. First time I was in LA about 9 months after 9/11 stayed at in Torrance. Almost any house on the market back then in Torrance from the tiny 50's ranch on up was priced at $450k+. Now there are many priced well below that today and I'm sure there are homes priced below 2002 pricing near you. You can't expect every bubble submarket to drop 70-80% from the peak. There are many land constrained McMansion type 3k sf+ in great school districts in SoFla that have only dropped back to 2001 pricing..perhaps a 40-45% drop at most.