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woody77 said:
Hi guys. I was curious what the market conditions look like for new or used F430's considering the steep downturn in the US housing market. Has it softened the amount F430's can command over MSRP in the US or is it business as usual?
Oct 26, 2007 4:35:20 AM
Oct 26, 2007 5:04:33 AM
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MKW said:
Local Bay Area MBZ dealer says lots of their cars are being loan defaulted on by ...realtors , LOL !
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MKW said:
I'm BUYING real estate right now . Buy into fear, sell into giddiness.
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thuggy said:Quote:
MKW said:
I'm BUYING real estate right now . Buy into fear, sell into giddiness.
I agree with the philosophy, just might be a little early to get in. Supply is still increasing and has not peaked yet and prices are not near bottoming yet. It will get worse before better.
Oct 29, 2007 4:09:18 AM
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The Groom said:
Hot areas do suffer, because:
1. it's where the values shot up fastest during the bubble, so those are probably the most overvalued areas.
2. as the value of not-so-hot areas craters, it creates arbitrage opportunities with the better areas.
3. what is hot today won't necessary be hot later.
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The Groom said:With energy prices bound to rise in the future, the best investment is probably to buy entire blocks of the ghetto, as close to the CBD as possible. When American gas prices reach current European gas prices, American cities will start looking more like European cities today, i.e. the most sought-after areas will be downtown, in immediate vicinity to good-paying jobs.
Oct 29, 2007 8:45:52 AM
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SoCal Alan said:
What do you consider the "hot areas" in the U.S.?
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SoCal Alan said:Quote:
The Groom said:With energy prices bound to rise in the future, the best investment is probably to buy entire blocks of the ghetto
If this is the case, put your money where your mouth is. If you're correct, you'll be the next billionaire.
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SciFrog said:Quote:
MKW said:
I'm BUYING real estate right now . Buy into fear, sell into giddiness.
Too early, prices have not even started to go down in NYC...