DWolfe, people will still need money albeit maybe the amounts will change (as in -40%).

I value the thoughts of forum members and am keen to give up my bear and inherit a bull.

I hope it doesn’t crash for the sake of many who will hurt badly.

Looks you need to go back to the market.

funding will be hard, secondary market the problem

I agree with Otto D

Watch out for pre-approvals with escape clauses.

Can leave you high and dry without the funds to close.

The real danger is with auctions where you commit 10% and could lose some or all of it if can’t close.

I strongly recommend a non-auction transaction with a ‘subject to finance’ clause

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I’m in the – 40% camp!

Then stagnate for 5 to 10 years.

Like Japan, but it is now nearly 20 years stagnation.

I think they will also. I think they all will.

Just saw an article in current API, might be useful

http://www.apimagazine.com.au/api-online/web-specials/2010/diy-syndicates

Many commentators agree that a new collapse in RE is imminent (in the US).

With no recourse loans (unlike in Aus), people can just walk away.

Lots of loans repayments start small and automatically increase each year.

2011 will see a large number of properties with huge increases in repayments and people will simply walk away.

It can take 12 months or more to kick people out once they stop paying

Many say Florida has some of the best bargains anywhere.

sorry thats http://www.brokersite.com.au/webinar_registration.htm