Posted by Yolanda on May 03, 1999 at 23:35:38:
Hi John. I’m new to investing as well and have purchased CS course. I’m going through it for the first time though. I had to respond to your post because I listen to Jay Lamont on 950 WPEN (real estate expert and Director of Temple University Real Estate Department)in Philadelphia, every Sunday and he has always, always warned his listeners not to purchase real estate in the Poconos because it is basically a kiss of death. His advice has been if you purchase in that area, you will be holding on to that property forever and won’t be able to give it away. Call Jay Lamont yourself and ask. He seems to be extremely knowledgeable about real estate trends in certain parts of the area.
I don’t know what area you’re in, but if you can, listen to him. He’s on Sundays from 9am - 1pm on 950 am WPEN (Philadelphia area station).
Good luck to you.