mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My home and the Vanguard REIT fund is as close as I will ever get to this RE mess.
Retirement interrupted - May. 22, 2007
The couple took real estate investing courses online and joined the Central Florida Realty Investors Association to network with local experts. When Steve retired in March 2006, their daughter, an area real estate agent, helped them search for properties to launch their business.
Exactly how fast the local real estate market was deteriorating wasn't clear in August when the Daimlers bought two three-bedroom, two-bath houses: one in a Daytona gated community for $235,000; the other in Palm Coast for $120,000.
To finance the purchases, they took out a $400,000 mortgage on their home. They spent $31,000 on renovations and listed the houses in September. But since then the market has been flooded with homes for sale, and the Daimlers have been caught in the changing current.
Retirement interrupted - May. 22, 2007