Posted by Donna on March 10, 2006 at 09:47:02:
Thanks Dan. I should add that I love dying markets! Those are the best of times for investors. Investors should remember that our best markets are the opposite of the best markets for mainstream real estate. The “hot” market of the past few years was good for realtors but bad for investors who wound up paying ultra high prices for investments. When you are living in the house the cost is only a relative issue. When you are investing to make money with a house, cost is everything. I say yippee for slowing sales and falling prices. Dying markets create real opportunity for smart investors.