Do not get into the trap of buying distressed homes – real estate will fall another 60 to 70% during depression in 2010-2020
Peter Oberois
Sep. 30, 2009

Some are making big mistakes running after the $8,000 from the Federal Government. Home buyers are finding that the battered real-estate market offers just as many opportunities for headaches as for bargains.

The real estate has come down a 30% from the peak. During the economic depression in 2010-2020, the real estate prices will plummet another 70% . It will be difficult to imagine common people holding on to residential real estate investments.

The commericail real estate show more signs of trouble. The office markets in major cities may decline close to 80% from their current valuation during the coming years of economic depression.

In some parts of the country, such as San Francisco,Calif., Las Vegas and Lakeland, Fla., distressed properties constitute 60% or more of all sales. So far this year, there have been nearly 535,000 sales of U.S. properties in some stage of foreclosure.

Do not get into the trap of buying distressed homes – real estate will fall another 60 to 70% during depression in 2010-2020
Peter Oberois
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