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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Mon, 30 May 2005 20:50:34 -0400 /

Author of the message: maxfoo

Title of the message:
Re: Closer to bubble pop

Text of the message:
On 30 May 2005 16:29:10 -0700, "slinthicum" <slinthicum@gmail.com> wrote:

>I am likewise concerned with what you are pointing to.  Of interest is
>an article I read today titled "Appraisal Fraud: Your Home at Risk,"
>that can be found at:
>http://money.cnn.com/2005/05/23/real_estate/financing/appraisalfraud/index.htm
>
>What we are seeing certainly justifies a more conservative approach to
>real estate investing.  Like you, I've been around long enough to
>recognize that histry repeats itself and this is not the time to
>purchase residential property utilizing an adjustable rate interest
>only mortgage with little or no equity.
>
>Kindest regards,
>
>Steve Linthicum
>Professor - Real Estate
>Sierra College
>Rocklin, CA

Isn't California overdue for an earthquake?
That should level off real estate prices one would think.
.



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