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The few serious real estate investors I know are now selling, not
buying. A major investor I talked to just today told me he still buys,
but sells about two properties for every one he buys. And he admits he's
jittery about buying anything in today's market because (he feels) it is
just STARTIING to really soften, and no one knows how far or how long
prices might fall, depending partly on how high interest rates go.
Most news seems to confirm that we have a real estate bubble market that
is losing steam, at least in some parts of the country. It would seem
logical that those markets that have appreciated the fastest in recent
years due to investment speculation also are at risk to delate the
fastest in coming years.
So, the $64 question is: How do you time the market? How do you
determine when prices have bottomed out? IO
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Re: FYI: Pre-Bubble Burst Investing in South Florida
