Posted by J.P. Vaughan on December 21, 1998 at 14:38:33:
Good sound real estate investing principles do not
change with the price of real estate. If the principles
are sound, they will work at any price level.
Even so, I have bought houses as recently as 3-4 years
ago in southern CA (highest priced housing market in
the country) for $23K, $35K and $47K. These deals don’t
just “fall into your lap.”