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Old 10-05-2006   #7
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
That's what it's doing here. 1/2 lots I could have bought for $4K 5 years ago are going for $75K now. Auctions are my favorite. Bought a lot there for $1000 a few years ago and it's worth about $85K now

Next thing I see happening where I live are tear downs. Lots of crappy houses built in the 70's. on primo land.
Right on for you! Wish I had held on to that last house. The land would have doubled by now. Not all is lost though. I've got enough funding to do some serious purchasing of properties I would want to keep.

You're smart that you snagged what you did when you did.
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