--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > It's this line that's important: > > "The problem there is speculation, with 25 percent of new home sales > going to out-of-state investors." > > From my very,very rough analysis, I still think about 70% of properties > in AP are investor owned (not occuppied by the property owner) > But all "investors" are not alike. Clearly, markets with high investor ownership, or in fact, second-home ownership, are more susceptible to rising interest rates and declines prices. They are typically the first to bail out leading to a further decline.
While I think your estimate of non-occupant ownership is reasonable, some of those investors bought to rent and not flip in the short term and others, like myself, are in for the long term (maybe). The investors you must watch for are those looking for a quick buck and subscribe to the "greater fool than I" theory. I still can't beleive I was able to buy a renovated house a few blocks to the beach for $125/sf. Of course, the name of the game is to buy right, but that holds true no matter what. ------------------------ Yahoo! Groups Sponsor --------------------~--> Home is just a click away. Make Yahoo! your home page now. http://us.click.yahoo.com/DHchtC/3FxNAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
