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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 (273037)	9/2/2010 9:11:23 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

When are the martians coming to buy our 30 million abandoned houses....zzzzzzz.

To: Jim McMannis who wrote (273037)	9/4/2010 9:54:01 PM
From: John Vosilla	Respond to of 306849

I'm not tied up. Goal is quick turns a few more years... Most everybody I know from the old days is tied up with crap lots, mobiles, low end junker homes, vacation condos unleveraged bought for cash. The high assessments of 2004-07 creamed many as much as the decline in prices and horrible economy now entering it's fourth year. Those succeeding these days are monetizing quick turn liquid deals and it appears to be playing out all over the country The empire building thing certainly works best owning bread and butter solid middle class homes when the economy is on a more solid foundation probably like TX is right now. Much easier to leverage than condos which we are buying for ridiculous cash prices but HOA's are huge problems no matter how low you buy. I do find Cape Coral much more intriguing than PSL or Palm Bay though cause it is land constrained. Most important in long term committments is where I will be living in 5-7 years and not quite sure yet. Might even be a snowbird by then who knows..lol