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Old 10-04-2006   #3
Greg B
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Join Date: Dec 2003
Posts: 497
Default Re: Real Estate Crash! ARMs due & people goin' broke!

Quote:
Originally Posted by Peaches View Post
I need to get over my paranoia of buying buildings. Right now I'm doing well with land and I'm keeping some liquid for when I break down and buy a building. I love land.
In some places land is cheap. In my hometown the prices shot up to $150k an acre. A freakin' acre! I remember 10 years ago when it went for $4k! The land is worth more than the houses for cryin' out loud.

Good thing for investor loot. When ya find a hot property you can sell fast you make a mega profit.
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