User 207388

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    • Mon Jun 9th 11:37 AM
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      Aberration in Clear Thinking by JP Morgan
      I have now been through 3 recessions and now I'm experiencing #4. I just love those who act as if this is the worst. Its not even close to the early 80's nor the early 90's, but is worse than 2000.

      None of these recessions ended until there were serioius, not 20%, pricing corrections in housing. The key note has always been the vacation spots particularly in condos. When you can buy a 250,000.00 condo in Myrtle Beach for 125,000.00 we will see the beginning of commerce once again. Until then, the jury is out on how bad this can get.

      There are pockets where real estate building and sales are doing exceptionally well. I'm making 20 times more money than I ever have by moving 100 miles away from my home market. Its out there, you've just got to go find it.
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