tag:blogger.com,1999:blog-7225373.post3710454358932220311..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: The Bottom Is Ingcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7225373.post-56420804120588440822008-09-07T20:38:00.000-04:002008-09-07T20:38:00.000-04:00Hiya Elen,I'm not sure I'm qualified to answer tha...Hiya Elen,<BR/><BR/>I'm not sure I'm qualified to answer that. I don't see much reason to take advantage of weakness in Detroit or any of the rust belt. I don't see any reason to get into speculative land in growth areas like Florida. I recently inherited a bunch of speculative land that I'd like to unload.<BR/><BR/>Were I to hazzard a guess, I'd say that I think the whoosh down is about over nationally. Heavy distress situations are probably a good buy.<BR/><BR/>I'm putting my money where my mouth is. My wife and I were out shopping for distressed properties today. The two properties we really liked had sold faster than MLS could be updated. One house had a hostile foreclosure situation in progress, but I'll check it out tomorrow, I wasn't going to bring my kid in there, and I didn't have any guns with me.<BR/><BR/>I don't think our market is going to take off, but the low-hanging fruit will soon disappear. <BR/><BR/>I own a partial interest in a house in CT, so I'd like to be bullish. I sold a house in CT in January 2004. I think prices are lower than when I sold, but are they a buy today? I think there's a long-term demographic shift working against the northeast, and I wouldn't be a buyer without some extreme distress.<BR/><BR/>There is still an abundance of distress everywhere, but it's not going to last after this deal with Fannie and Freddie.Woodyhttps://www.blogger.com/profile/15764253843155355296noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-71096123246713412602008-09-07T17:18:00.000-04:002008-09-07T17:18:00.000-04:00Hi Woody - Do you think this applies nationwide?El...Hi Woody - Do you think this applies nationwide?<BR/><BR/>ElenAnonymousnoreply@blogger.com