As a successful … As a successful investor. Looking at the graph and telling people not to buy is not smart. If it is true and it becomes a double dip. People should think of a strategy real quick. Buy in 2009 and sell in the temporary rising prices in 2011 before 2012 bottoms down again. You would have sold enough property to buy the bottom low 2013 property in cash. What should you do then? Rent out the property since you bought it cash it becomes cash flow. Again speaking from experience.
I sold real estate … I sold real estate in the early 80’s. The politico’s handled the crisis differently then, they raised interest rates to defend the dollar. Now, they are lowering interest rates to trash the dollar.
When Allen Greenspan dropped interest rates in August of 1982 he literally gave America away. Our money, the dollar, is totally worthless!
It really amazes me, “how greedy and selfishness of the average American. Goes to show you, “you can never underestimate the stupidy of the American pub.
I saw this chart as … I saw this chart as well. I dont know why people cant look at that chart and figure out why things look improved right now. We are at the lowest number of resets in the past 2 years. The problem is it is the lowest number of resets in the next 2 years as well, and unemployment data is going to have a multiplyer effect on these resets wheras the subprime loan resets did not have high unemployment.
A Second wave of Adjustable loans will push Real Estate lower in 2009, 2010, 2011 and 2012
October 22nd, 2009 at 10:36 am
loan mods will …
loan mods will smooth that out. the gov cant afford another drop
October 22nd, 2009 at 10:36 am
I can buy today, …
I can buy today, just price your offers accordingly.
October 22nd, 2009 at 10:36 am
As a successful …
As a successful investor. Looking at the graph and telling people not to buy is not smart. If it is true and it becomes a double dip. People should think of a strategy real quick. Buy in 2009 and sell in the temporary rising prices in 2011 before 2012 bottoms down again. You would have sold enough property to buy the bottom low 2013 property in cash. What should you do then? Rent out the property since you bought it cash it becomes cash flow. Again speaking from experience.
October 22nd, 2009 at 10:36 am
Stay out of …
Stay out of property for now.
Or if you have property and can’t sell, try to rent a room and make some money out of it. Treat property as business not a home.
October 22nd, 2009 at 10:36 am
I sold real estate …
I sold real estate in the early 80’s. The politico’s handled the crisis differently then, they raised interest rates to defend the dollar. Now, they are lowering interest rates to trash the dollar.
When Allen Greenspan dropped interest rates in August of 1982 he literally gave America away. Our money, the dollar, is totally worthless!
It really amazes me, “how greedy and selfishness of the average American. Goes to show you, “you can never underestimate the stupidy of the American pub.
October 22nd, 2009 at 10:36 am
Holy Somkerooz!!! …
Holy Somkerooz!!! Hold on to your hats! There’s a dust storm coming!!!
October 22nd, 2009 at 10:36 am
Good night America? …
Good night America? Come on, lets be nice now….Bye Bye Babylon
REVELATION 18:21
October 22nd, 2009 at 10:36 am
I saw this chart as …
I saw this chart as well. I dont know why people cant look at that chart and figure out why things look improved right now. We are at the lowest number of resets in the past 2 years. The problem is it is the lowest number of resets in the next 2 years as well, and unemployment data is going to have a multiplyer effect on these resets wheras the subprime loan resets did not have high unemployment.
October 22nd, 2009 at 10:36 am
goodnight america!
goodnight america!