76
General / Re: Interesting article
« on: November 17, 2008, 03:36:46 AM »
If the article is based on US properties I agree.
I have been looking at Florida prices since Speeds post and some of the prices are crazy low. Not just foreclosures, regular mls properties. One property that sold for well over 200 a couple of years ago resold twice last year once for 80 now listed for 120. I feel bad for any retiree who needs to divest to move into a nursing home. I am sure there are some real estate agents out there cleaning up big time. Many of the properties being sold are owned by realators. The timing is bad for some but good for others including the intrepid taxsale investor. When tax sales look bad with those crazy Hamilton high rollers we have Florida. If we could only get the dollar to co-operate.
If we see a swing up here like Florida hold on to your heads.
I agree with Pfm 's longer view in regards to the economy. I believe most of us tend to be to impatient with economy and think either apocalepticly or short term [me included, I am more hopeful for November and December, usually good - October usually bad for the TSX].
The market dumps on average every ten years. But safe to count seven if you don't want to go through this again.
I have been looking at Florida prices since Speeds post and some of the prices are crazy low. Not just foreclosures, regular mls properties. One property that sold for well over 200 a couple of years ago resold twice last year once for 80 now listed for 120. I feel bad for any retiree who needs to divest to move into a nursing home. I am sure there are some real estate agents out there cleaning up big time. Many of the properties being sold are owned by realators. The timing is bad for some but good for others including the intrepid taxsale investor. When tax sales look bad with those crazy Hamilton high rollers we have Florida. If we could only get the dollar to co-operate.
If we see a swing up here like Florida hold on to your heads.
I agree with Pfm 's longer view in regards to the economy. I believe most of us tend to be to impatient with economy and think either apocalepticly or short term [me included, I am more hopeful for November and December, usually good - October usually bad for the TSX].
The market dumps on average every ten years. But safe to count seven if you don't want to go through this again.