Replies to post #14744 on Mohacsy's Safe Portfolio Member Forum

[n4807g]

Bottom line: Anyone can sign there name to a Promissory Note, particularly if the commitment is no, or little money down. Of course there are areas where sanity remains. But there are growing areas where lunacy is the word.

[dexprs]

We have "tear-downs" here around 1/2 million and up, but I think this market as overvalued is, will not fall much. Maybe will stay flat for a few years.

[santafe2]

I just got back from a trip to CA with the last few days in LA visiting family and a few customers. They're just silly with real estate right now and only one San Andreas shake away from ruin. Like you, I'm years and distance enough removed from there to see the insanity from a more detached position. It really looks like the Enron, the FNM, of zipcodes. I never expect my timing to be good, but the trend from here seems very clear.