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VIEW FROM THE TRENCHESNews and notes from the neatest li'l corner of the Central Florida universe. Make this blog a frequent stop for information and opportunities that rarely make it to the mainstream.NOTE: When exiting from an MLS-based hot link, click the BACK button on your browser TWICE to return to my blog. 
Tuesday, May 01, 2007There never seems to be enough time in the day to sit and congeal all the real estate "happenings" into a coherent screed. I am going to rededicate myself to this starting................. NOW!
Yes, the bottom is rapidly approaching. Yes, investors who bought in late are now scrambling for parachutes. Yes, the banks who lent sub-prime money are about to take a rather vigorous hosing. And, yes... real estate is still the most sound investment one can make. A rather astute client has hammered this mantra into my dense cranium; "you don't make money in a good real estate market. You make it in a BAD real estate market." So there. With over one hundred homes available in my neighborhood, it pains me to admit that this is a bad market. But those industrious enough to ferret out the deals will be building a portfolio that can't help but increase its value over the next 18-24 months. That's the hold period, boys and girls, 1.5-2 years. After that, it'll be Thunderdome again. I'll jump back on later today. Right now, that same astute client wants to make some insulting offers to sellers who, at this juncture, don't mind being insulted. Posted by: Paul @ 10:11 AM
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