Since the turn of the century LTV as we now call it has made it mark in the REW.

I am actually with Century 21 Beachside.

I currently work for Century 21 Beachside Realtors.

They have been flooding money into markets, and squeezing them dry for centuries.

I bought my first SFH a month ago -- not deal of the century, but a nice little cape with upstairs yet to be finished (so it's only a 2 BR) -- double lot, nice working class, stable neighborhood, pre foreclosure, -- appraised around 105K, got it for 76k -- only needed about $1,000 worth of work and I have a tenant now paying 695 per month.

As near as I can tell, the man himself just stamps his name on it and has little else to do with what goes on (beyond collecting the money.)The problem with Robert Allen is that much of his advice is still 20th century advice and doesn't take into account the rather significant changes in the economy and the information age.

In the 20th century, we use the internet.

A half century of housing starts.Courtesy Ritholtz.com

If the property looks like it has been sitting there, deteriorating for years, chances are hundreds of other investors have already sifted through the records in hopes of landing the deal of a century.

One early in the 20th century (downward shift), once after WWII when lending guidelines changed (upward shift), then the recent bubble.