Now is that a short term thing or long term rebound i dont know.

I disagree that it's a "black plague", it's actually rebounding in midtown, corktown, business district, others that I'm not really familiar with.

So now my properties are at least 10% over their 07 peak.My experience in the Bay Area has shown me that prime areas are the last to fall, fall the least, and rebound the first.

Now here we sit 2013 and the market has completely rebounded and for those who got out while things were crashing completely lost out on the rebound.

(e.g. 2nds trading at 2% of UPB, obviously this is a much riskier and much cheaper asset class) For our model, senior lien status is much more important to us than equity, especially in the current market, although equity is starting to rebound in some locales and thus note pricing will start to rise as there is a direct correlation.

I am focusing on my home town of Grand Rapids, which seems to be rebounding quite well from the recession.

Property in upscale beach communities will rebound as always.

If so, then it maybe worth sitting on the investment and wait until the prices rebound than to sell the property and take a physical financial loss.

Loan closing costs are much more efficient across just 5 loans as well.Personally, I think the inexpensive homes have the most room to rebound in price over time.

He said the low point homes here 1200 sq-ft, $130K, are slow moving, high $300K+ better he attributes to senior’s investment portfolio’s rebounding.