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

To: Jim McMannis who wrote (237036)	2/5/2010 11:35:18 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

'I believe no one will make any money on their real estate investments for the next decade. There may be an exception or two with a fixer-upper or a foreclosure, but buying a home for your primary residence under typical circumstances will be a net loser. The real estate market has absolutely no sustainable drivers for a price floor, let alone price appreciation. With taxes, interest, maintenance and insurance, you are guaranteed to lose money, especially when compared to what you could be paying in rent for comparable property.' This is so hilarious. Not the world I live in these days of 15%+ cap rates in a 5-6% mortgage rate environment. And besides it is a business in the end and making broad based comments like that shows the author is another one of these ivory tower economist or financial market types who never ran a business, never mind invested or borrowed capital to build a business. The tea party is holding a conference in Nashville? You guys going?