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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 04 Feb 2005 00:53:57 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: Idea check
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Text of the message: |
In article <11065p6hf6rfp51@corp.supernews.com>, "Saltybob" <bob@nospam.com> wrote: > A buyer takes out a mortgage in Phase One in a condo community, rents it out > for less than his monthly and sells it for a large profit toward the end of > the last phase of the development a year or two later. > Is this a Homer Simpson "dough!" news flash for the naive or does this go on > all the time? This works great as long as prices are skyrocketing. That is not normal for real estate, but it is happening now. In all cases in the past, the music stops at some point, and those who have bought in will end up losing their shirts when they cannot sell. Do you remember the stock market in the late 90's? It was a "can't lose" situation. For a while, everyone was talking about the stock market and investing. But in early 2000, it took a dive, and those who were caught lost as much as |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.