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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 (245781)	4/27/2010 1:11:48 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 306849

I can see where you can make a quite good return renting out cheap distressed fixers JV. I do hope that you are not counting on a rebound to flip same. 1 in 7 homes nationwide is in payment arrears. As you state, many living rent/payment /property tax/insurance free for over 2 years and running. The "demand" for REO's is from people like you. Can there be that many John Vosillas? Enough to absorb 1/7th of residential housing? And that number will grow as REO's accelerate next year on. We know that 1/7th of all homeowners will have bad credit for the next 5-7 years. Where will primary demand come from?