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

To: Smiling Bob who wrote (272786)	9/2/2010 10:34:08 AM
From: Valuepro	Respond to of 306849

I recall when I started taking real estate classes upon returning to college after the Army (circa '69). One of my favorite teachers then, who was also a broker, was fond of quoting a client who often said, "I never pay more than 4 times gross." We forget that there was such a time, and we may be returning to that era when owing income property meant owing income property. As those times changed, people in the market began calling negative income deals as "feeding the shark," predicting such a trend could not last. They were right, but decades off the mark. VP in AZ

To: Smiling Bob who wrote (272786)	9/2/2010 4:19:22 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

I see incredible opportunities and values in my state. But my fear is an unlimited pool of competitors with access to capital these days courtesy of zero interest rates and the internet. I would like the perma bears here to scare the shit out of RE investors competing with me to make my job easier...lol It is much less frenzied in middle America and actually much less efficient while it appears that in the overpriced coastal gateway cities it still is a scary time cause prices are stilll way too high, don not come close to cash flowing, yet the mob is chasing deals in a cash versus trash mentality to flip the equity.