some parts of the country, housing prices are falling at double-digit rates. A bad situation for homeowners, but a possible opportunity for investors. Money reporter Stacy Johnson explores what’s next, and who might benefit…
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{ 25 comments… read them below or add one }
Anonymous 11.28.09 at 8:48 am
But would you recommend this to someone who lives out of state? If one lives in California I think it unwise to own multiple props in Mich or FL…
Anonymous 11.28.09 at 8:48 am
This is the best time to be looking for the right investment, not when the market was sky high.
Anonymous 11.28.09 at 8:48 am
yea it bushes fault and housing market will get fixed as long as republicans dont fuck it up for us demicrats work for all humans not just people of special interest
Anonymous 11.28.09 at 8:48 am
this is a cycle……..It’s happen before. U.S.A is still A. O.K. You can buy a home in Detroit or Orlando,FL for 50k and invest 5-10k to make it ready. Lease it out for $800-$900.
Anonymous 11.28.09 at 8:48 am
The housing industry will never recover and thats the painful truth …
There are millionsof empty houses in California and folks aren’t buying them even though they are way cheaper than a few years ago …
Anonymous 11.28.09 at 8:48 am
if you want to see luxury go check out the Marble Mountain Horse Estate
Anonymous 11.28.09 at 8:48 am
TURKEY vultures?
Anonymous 11.28.09 at 8:48 am
I’m a Malaysian myself, and though I am glad to hear about how things are currently in Malaysia, I must say caution is best in times like these.
In any economy, especially during boom times, there’s a tendency for human greed. If people in Malaysia are to avoid the worst in economic downturn, it’s best to avoid that trait exactly.
Buying a condo (high-end or otherwise) may not be too difficult for some. But imagine having to continue paying the mortgage if jobs are suddenly lost.
Anonymous 11.28.09 at 8:48 am
It’s too early to buy. After commercial RE downturn gets going and residential ARM loans readjust, then…maybe. But fundamentally, if people are unemployed or underemployed - even assuming serious inflation - RE prices will not “skyrocket.” We just have too many damn residential buildings and too few good jobs, especially in places like FL.
Anonymous 11.28.09 at 8:48 am
Malaysia real estate is still resilient to global economy dowturn. Some high end residential areas are stil in uptrend.
Please contact us if you need to know more about Malaysia real estate investment. Thank you.
Anonymous 11.28.09 at 8:48 am
Good video
Anonymous 11.28.09 at 8:48 am
Great Video if you keep looking for opportunities to make money in property you will find them, Just keep looking
Anonymous 11.28.09 at 8:48 am
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Nice.
Anonymous 11.28.09 at 8:48 am
Um, no. I have no health care.
Anonymous 11.28.09 at 8:48 am
It’s the government that’s rich and broke. I bet you have free health care.
Anonymous 11.28.09 at 8:48 am
where are the vultures?
Anonymous 11.28.09 at 8:48 am
central greece estate
Anonymous 11.28.09 at 8:48 am
Sounds like a great garage band name! “…and now, for our big act…welcome Real Estate Vultures!!!”
*band starts rocking*
Anonymous 11.28.09 at 8:48 am
I would. Try it some time…it is…”liberating”.
I do not see the best of my fellow man when I look around. I see the worst. Consistently.
Anonymous 11.28.09 at 8:48 am
your right, but I would not generalize a nation over some materialistic bitches
Anonymous 11.28.09 at 8:48 am
more like Real Estate whores…
Anonymous 11.28.09 at 8:48 am
Real Estate Vultures, I love that name. I’m always looking for deals in Orange County, CA
Anonymous 11.28.09 at 8:48 am
I guess living in the richest and most powerful country on earth is not enough?
Try paying $11/gallon like in much of Europe.
We Americans are fucking spolied little bitches and it makes me fucking sick.
You have food in your belly and clean water to drink…be grateful.
You can wait another week for your iPhone…you will live, somehow.
Anonymous 11.28.09 at 8:48 am
00000000
Anonymous 11.28.09 at 8:48 am
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