OfflineI got an email from an experienced investor friend of mine that said prices have gone back to where they were in 2002 meaning the market is righting itself and things are going back to normal. This would mean a change in the market and a change in strategies.
Has anyone else heard anything like this and is it ture. If it is, what things can we expect and what techniques would be using.
I notied my lasts post didn't recieve any answers even though I felt they were very valid questions. I'm wondering did I violate any type of rules unkwoingly or what.
Answeres here would be greatly appreciated. Especially from the very experienced investors.
__________________
You can make excuses, or you can make money, but you can't make both. -Dean Graziosi
is far from recovering. There is speculation that we are going into a double dip recession. Unemployment is at an all time high and we still have tons of shadow inventory. I would not worry about the market righting itself any time soon.
Each area is different. Where I am at the prices are no where near what they were in 2002. The prices continue to fall here. The economy is not nearly stabilized yet. I think we have a long way to go from what I see in my area.
Arkansas and Tennessee area.
"THE ARCHITECT OF YOUR DESTINY IS YOURSELF"
"SUCCESS WALKS HAND IN HAND WITH FAILURE"
I don't see prices picking up. September will bring a release of more REO's dropping the prices lower. I continue to talk to folks in my travels who have just lost there job and don't hear about people finding new ones. So I don't expect things to change here any time soon.
Lea
Hey thanks guys. Good to have feedback from other people involved in this!
You can make excuses, or you can make money, but you can't make both. -Dean Graziosi