total implosion of the u.s. real estate market

Dr. Zhivodka · Mar 5, 2008

Do you have some sort of reading comprehension problem? No where in my post did I say that there was a CURRENT boom-bust in any state. I clearly stated my RE experience from at least 26 years ago. However...I'd disagree with the contention that there's no relative minor bust in Las Vegas or parts of Cali...and Fla and the ATL among other places.

Yet to repeat...soon there will be a time where the conditions will be right to start looking around for bargains.

Quote from day7793:

There is no real boom and bust in California or in Texas in 2008. Keep things in perspective.

The boom and bust is happening in the psychology of American consumers from real estate to stock markets and it shows.

Weak as they are, they cannot chart their ways when thing gets little less than they are used to.

Dr. Zhivodka · Mar 5, 2008

I just bought an interest in a Commerical property in Scottsdale which is spinning off 15% currently.

I can last a long time a that yield.

Quote from the gardner:

ok ok so go buy somthing ...say a house .......ha ha ha ha

no really you go out and pay cash for a house.......

funny really

the gardner · Mar 14, 2008

vix above 30

if the stock mkt crashes today or mon .....real estate could get pounded much further

the implosion continues

Vienna · Mar 14, 2008

Quote from the gardner:

vix above 30

if the stock mkt crashes today or mon .....real estate could get pounded much further

the implosion continues

Didn't I see you in the Subway Station at Grand Central hawking a Jehova's Witness brochure?

the gardner · Mar 14, 2008

yes it seems like it could be the end of the world when bsc drops 50 percent in value in one day

as oil hits 111 pr b

gold 1000 oz

foreclosures at 40 yr high

job losses mounting 2 months in a row

credit mkts frozen...no loans

private equity finished....party over bx new low

lehman under massive pressure

major real estate developers folding...

muni markets swinging wildly

homebuilders desperate and bankrupt

fed quickly lowering rates....yet rates mortgage....rising

hedge funds imploding left and right

so yes the only thing that can save us perhaps is god how else do we all get out of the way of the unwinding and deleveraging of 550 trillion dollars of complex issues

Pa(b)st Prime · Mar 14, 2008

Quote from Dr. Zhivodka:

I just bought an interest in a Commerical property in Scottsdale which is spinning off 15% currently.

I can last a long time a that yield.

Kick ass!

When your sking days are behind you could you see yourself living in zona?

balda · Mar 14, 2008

Quote from the gardner:

yes it seems like it could be the end of the world when bsc drops 50 percent in value in one day

as oil hits 111 pr b

gold 1000 oz

foreclosures at 40 yr high

job losses mounting 2 months in a row

credit mkts frozen...no loans

private equity finished....party over bx new low

lehman under massive pressure

major real estate developers folding...

muni markets swinging wildly

homebuilders desperate and bankrupt

fed quickly lowering rates....yet rates mortgage....rising

hedge funds imploding left and right

so yes the only thing that can save us perhaps is god how else do we all get out of the way of the unwinding and deleveraging of 550 trillion dollars of complex issues

Sounds like time to buy.

fluttrader · Mar 14, 2008

Quote from the gardner:

yes it seems like it could be the end of the world when bsc drops 50 percent in value in one day

as oil hits 111 pr b

gold 1000 oz

foreclosures at 40 yr high

job losses mounting 2 months in a row

credit mkts frozen...no loans

private equity finished....party over bx new low

lehman under massive pressure

major real estate developers folding...

muni markets swinging wildly

homebuilders desperate and bankrupt

fed quickly lowering rates....yet rates mortgage....rising

hedge funds imploding left and right

so yes the only thing that can save us perhaps is god how else do we all get out of the way of the unwinding and deleveraging of 550 trillion dollars of complex issues

This all doesn't look good

Smart Money · Mar 14, 2008

Quote from balda:

Sounds like time to buy.

Funny you say that. You know, traditionally, real estate was a refuge during inflationary times. Whether one believes that the cost of real estate at its peak was warranted or not, can we agree that the devalued dollar is increasing the cost of materials in these properties? How much does it cost to build? I have a couple of 1 BR places that I rent out for $575 a month, and they are pretty nice. Recently an apartment complex was constructed and they are renting out smaller places for $790...they have to because the cost of materials and construction was so high.

If gold gets chased to the moon, then were are folks going to park their money of keep it from being ravaged by inflation?

I still say now is a hell of a time to buy, and people will figure that out once the newspapers get tired of reporting about the banking crisis.

SM

fearless9 · Mar 14, 2008

Quote from Smart Money:

I still say now is a hell of a time to buy, and people will figure that out once the newspapers get tired of reporting about the banking crisis.

SM

SM

The correct time to buy is when the numbers line up on a project to project basis.

This concept should never be allowed to falter, whether it be intraday trading or building a building.

regards
f9