Posted by Brent_IL on September 30, 2003 at 22:05:47:
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REAL ESTATE BUBBLE? - Posted by Al - So Cal
Posted by Al - So Cal on September 30, 2003 at 18:18:30:
Yes, we`ve all made money flipping but does anyone out
there see the hit in the stock market coming off the
3/12/03 rally and the bubble we have now in RE?
The great buys come in the down cycle which always comes
after the big runups.
Boy, it is going to be something after this up-cycle.
Welcome all replies no matter how vile and hateful- just
kidding. Maybe trees really can grow to the sky!
Kiyosaki says Sell! - Posted by Tim (ME)
Posted by Tim (ME) on October 01, 2003 at 23:35:52:
Just an observation - if you listen to the CRE radio archive of Robert Kiyosaki from a few weeks ago, at one point he says you should be in selling mode right now. He said he’ll be picking up more deals when the market crashes.
Just an observation!
Re: REAL ESTATE BUBBLE? - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on October 01, 2003 at 12:06:52:
Al–(CA)--------------
Well, no matter how kooky your thinking seems to me, I will defend your right to spew it forth. Not to the death, probably, but certainly with a couple of posts.
If you really believe that stuff you say, I’d recommend that you look to buy now in the few down markets in the country. Austin, TX, comes to my mind as the most likely good target. The San Jose, CA, area is suffering right now. I believe that housing prices are dropping there. However, the prices are so high that positive cash flow is not likely.
Good Investing***********Ron Starr****************
Re: REAL ESTATE BUBBLE? - Posted by John
Posted by John on October 01, 2003 at 11:09:50:
There will always be ups and downs. Learn to profit from both.
Both, yes both have there problems.
Bubble bath… - Posted by William Bronchick
Posted by William Bronchick on September 30, 2003 at 19:59:33:
Funny, AL, but you’ve been talking about a real estate bubble for a year now and we’ve yet to see the bottom “fall right out.” In Southern California, values went up at least 10% in the last year while you were discouraging people from buying.
What next?
Re: Bubble bath… - Posted by Al - So Cal
Posted by Al - So Cal on October 04, 2003 at 14:10:55:
The reason would be that we have been in a Bubble for
over a year and at some point we will have the bust as
all markets do.
The stock market was in its Bubble phase for some time. The prices in my area are out of sight and all the same things are happening when were toppy as we are
now. But it doesnt mean its going to crash next tues-
day.
Ive been through all the down cycles since 1972 and thats when you get the greatest cash flow deals.
Re: Bubble bath… - Posted by Ted
Posted by Ted on September 30, 2003 at 21:12:31:
The bubble can’t break. Most people lost there 401ks or stocks so the only retirement they have left is home equity.
More on the “bubble” - Posted by William Bronchick
Posted by William Bronchick on September 30, 2003 at 21:38:22: