Date: Tue, 27 May 2008 10:28:52 -0700 (PDT) From: Mervyn Lobo <[EMAIL PROTECTED]> > If anybody knows how to make money in real estate when prices are collapsing, please?share the info with us. > Mario responds: > I see you could not resist Gabe's "crab-bait" and the vaunted wit and acumen does not extend to real estate:-)) Investing in real estate is a lot less risky than some of what you have described. > Real estate always retains some intrinsic value because it is a useful hard asset and a growing population needs places to live. > If real estate prices are collapsing, just as gold prices have done during certain periods in history, a shrewd investor with cash or credit buys real estate at the lowest price he or she can, or at auction, or at foreclosure, and then rents the property, accesses the numerous tax benefits from doing so, and holds the asset till the prices rebound as they always have in the long run. > Q.E.D. > "A communist is someone who reads Marx. An anti-Communist is someone who understands Marx." - paraphrasing Ronald Reagan. >
