Here comes the foreclosure DOUBLE DIP!!!

[Rich Weese]

New figures are out. Many have been warning of further drops in values and PATIENCE will be a virtue in acquistions if you wait. Well, we now have the worst month recorded in the last 5 years... This can't be good for the economy, but should be great for buyers a year or so for now. When you add the drops occurring in rents in many areas, vacancies increasing and time required to rent lengthening, could be a perfect storm. Not sure if that'll be good or bad.
Sitting at JFK and bored. Overnight flight to Cairo later. No lockers here to leave luggage, and I don't want to lug 4 bags to sightsee! Reading lots of news and almost all is bad. Unemployment up, thousands stranded in UK and Scandanavia dur to Iceland volcanic ash. Oh well, just eat again and again. I won't miss anything if I wait awhile to buy more RE. Have a great weekend . Rich

[James Ward]

Rich,

I think we still have a long way to go. Personally, I think this will peek and valley until the end of 2014.

My opinion is that if an investor is able to truly eveluate the deal, that they will be able to profit.