I saw premium properties in Balboa Island (part of Newport Beach) sell for 50 percent off their peak prices of 1989-1990. I was amazed. I’m sure it can, and will happen again.
Cashman, who is this good for? what if they fall 80% would that make it an even better deal for you?
how about all the other prime real-estate around the country, what if they also fall 50%, then intrest rates drop to 0% and still no one is buying, then investors all over the world take thier money out of the country and were fall into one of the worst depressions ever, would you like that to? becareful what you wish for!
