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Just Me wrote:
> 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
As soon as you start seeing Developers offer concessions such as free
closing costs as units take longer to sell and more units clog the
markets. Then it's time to GET OUT OF THE MARKET....SELL SELL SELL
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Re: FYI: Pre-Bubble Burst Investing in South Florida
