Comments on: Dead Cat Bounce or Buying Opportunity? http://www.biggerpockets.com/renewsblog/2008/10/20/dead-cat-bounce-or-buying-opportunity/ Learn, Network, Invest Mon, 23 Nov 2009 01:38:39 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jimmy James http://www.biggerpockets.com/renewsblog/2008/10/20/dead-cat-bounce-or-buying-opportunity/comment-page-1/#comment-63926 Jimmy James Tue, 17 Feb 2009 17:21:46 +0000 http://www.biggerpockets.com/renewsblog/?p=1894#comment-63926 Sorry to say I think it is still a dead cat bouncing. Sorry to say I think it is still a dead cat bouncing.

]]> By: Anwell Tsai http://www.biggerpockets.com/renewsblog/2008/10/20/dead-cat-bounce-or-buying-opportunity/comment-page-1/#comment-60758 Anwell Tsai Tue, 21 Oct 2008 01:06:54 +0000 http://www.biggerpockets.com/renewsblog/?p=1894#comment-60758 I like a lot of your ideas in this blog, especially the speedboat vs supertanker analogy. Rental property is a great investment but is also affected by several factors which could inhibit expected positive cash flows. Look forward to your next one! I like a lot of your ideas in this blog, especially the speedboat vs supertanker analogy. Rental property is a great investment but is also affected by several factors which could inhibit expected positive cash flows. Look forward to your next one!

]]> By: Barbara Grassey http://www.biggerpockets.com/renewsblog/2008/10/20/dead-cat-bounce-or-buying-opportunity/comment-page-1/#comment-60747 Barbara Grassey Mon, 20 Oct 2008 13:29:08 +0000 http://www.biggerpockets.com/renewsblog/?p=1894#comment-60747 Good article, especially as it applies to the current real estate uptick. There was a moratorium on short sales for April, May and June while some banking issues were sorted out. People are rejoicing that sales were up in August and September, but the increase is just the clean up from those three months. If this uptick is based only on sales figures and not on the type of sales, then it is indeed a dead cat bounce. In our area of Florida, and maybe all over, the local Board of Realtors includes foreclosure and short sales in its count and then proudly touts that sales are going up. Obviously, a foreclosure is a sign that the market is still in trouble, not a sign that it is doing better. Conventional financing is unavailable for most civilian buyers and that will keep them out of the market. Cash buyers are being cautious but are coming back into the market. Investors who know how to structure owner financing will be the real winners. Teaching the general public about owner financing may be the best way out of this real estate downward spiral. Good article, especially as it applies to the current real estate uptick. There was a moratorium on short sales for April, May and June while some banking issues were sorted out. People are rejoicing that sales were up in August and September, but the increase is just the clean up from those three months.

If this uptick is based only on sales figures and not on the type of sales, then it is indeed a dead cat bounce. In our area of Florida, and maybe all over, the local Board of Realtors includes foreclosure and short sales in its count and then proudly touts that sales are going up. Obviously, a foreclosure is a sign that the market is still in trouble, not a sign that it is doing better.

Conventional financing is unavailable for most civilian buyers and that will keep them out of the market. Cash buyers are being cautious but are coming back into the market. Investors who know how to structure owner financing will be the real winners. Teaching the general public about owner financing may be the best way out of this real estate downward spiral.

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