07-25-2009, 11:05 AM
For me, I wouldn't touch a west or north east coast property with a 1000 mile pole right now.
There a good reason the banks are still hording money. Because property values are still at levels way below outstanding debt on those properties.
Personally I think the banks and everyone else thinks some magic pill is going to make that 800 k 2 bedroom ranch that is now worth 150k pop back up to 800k.
God help us if the government pops into that one.
There a good reason the banks are still hording money. Because property values are still at levels way below outstanding debt on those properties.
Personally I think the banks and everyone else thinks some magic pill is going to make that 800 k 2 bedroom ranch that is now worth 150k pop back up to 800k.
God help us if the government pops into that one.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi