Way cool…I work in the industry…it amazes me the number of “would be investors”...speculators…flippers…there are after the last run up of the late 80’s that gaves us the housing recession of the early to mid nineties…sure things were noticably different with one exception…
Short term real estate speculation will bite you in the ass big time if you do not understand the game…whatever the market! Novices in the stock market…or wanna be high tec venture capitalists know the same lesson…
The Portola Springs blood bath should be intersting…KB will “cut and run” soon…as will many other publics…with overall supply dwindling on the ranch…life will go on…if they are not asked back to the dance later…Portola needed to be 5% minimum under Woodbury at opening…not 10% over…it is essentially biforcated by two high speed freeways…and comes with Irvine High…just watch the fun…
Asking used homes…even…1 year old to perform at new home price levels…is at the root of the problems (along with the greedy…quick buck thing)...
Posted by rightbive on 10/12/06 at 09:40 AM
Way cool…I work in the industry…it amazes me the number of “would be investors”...speculators…flippers…there are after the last run up of the late 80’s that gaves us the housing recession of the early to mid nineties…sure things were noticably different with one exception…
Short term real estate speculation will bite you in the ass big time if you do not understand the game…whatever the market! Novices in the stock market…or wanna be high tec venture capitalists know the same lesson…
The Portola Springs blood bath should be intersting…KB will “cut and run” soon…as will many other publics…with overall supply dwindling on the ranch…life will go on…if they are not asked back to the dance later…Portola needed to be 5% minimum under Woodbury at opening…not 10% over…it is essentially biforcated by two high speed freeways…and comes with Irvine High…just watch the fun…
Asking used homes…even…1 year old to perform at new home price levels…is at the root of the problems (along with the greedy…quick buck thing)...
enjoy..
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