Re: Hard Money in California?
Posted by steele in minnesota on April 24, 2008 at 19:04:11:
In Reply to: Re: Hard Money in California?
Posted by Julio Martinez-Clark on April 22, 2008 at 10:32:20:
AOL just ran a story on a number of markets that are "beating the odds". This is a regular feature. Ultimately real estate is local.
Even in our stagnant market (minor decline)we are seeing alot of good deals happening. One thing really helps. We have 2.7 renters for every one single family rental available. A number of investors are buying these up and are riding out the slump with their renters paying the mortgages.
Real estate is always in a cycle. We are just spoiled because it has been awhile since the last slump.
Steele
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