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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (29075)	2/20/2012 9:46:32 AM
From: robert b furman	Read Replies (1) \| Respond to of 223305

No doubt part of the local problem in Florida. Wonder if they had 20 % DOWN vs impulse purchase? Bob

To: Ken Adams who wrote (29075)	2/20/2012 10:13:48 AM
From: Al Greenleaf	Respond to of 223305

Re Naples, you may be right. I notice there are a lot of "owner financing" options. Here is a 3 bedroom with 2900 sq ft, marked down from $260,000 to $139,00. Holy cow! I'm moving!

To: Ken Adams who wrote (29075)	2/20/2012 10:54:23 AM
From: Kirk ©	Respond to of 223305

It is hard to speculate on specific cases but who would blame a Southern bank for not making a loan to a carpet bagger after the president made it clear he expects banks to eat a loss if they make loans to people who lie and can't pay them back. I'm sure many honest people like your church friends who want loans for second homes have been hurt by those who took advantage of the system. On the flip side, those with cash can get really good deals on real estate where even in California you can get positive cash flow again if you buy homes to rent out.