My advice is forget real estate and focus on the following, because I’m currently making a killing in these areas:
1) Short the market, buy puts on the indexes, buy 2X leveraged inverse bear funds
2) Short oil sector, short oil (this is a short-term recession play. Long-term oil is obviously going straight up in price)
3) Buy gold
4) Dump the dollar and buy European currencies, and if you have the option obviously buy the Yuan.
5) If you must play real estate, do what I did: buy overseas properties in Asia. I specifically bought China mainland properties when I dumped my USA properties in mid 2004. I’ve made a killing on those China properties.
6) For CA region, I think we are not at the bottom yet. There are only some bargains available in select areas (high desert, and down in riverside , temecula). Even those areas have farther to fall.
There are some moments in life where I make predictions, place my bets and then every single one of those come in and I’m hitting on all cylinders on various investments. That’s the feeling right now.
