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Old 11-30-2007, 11:35 PM
MatthewRyan MatthewRyan is offline
Senior Member
Join Date: Sep 2005
Posts: 3,831
Default Re: What should I offer for an oceanfront apt. in Miami Beachthese da

Don't offer nothing for it. We are at the end of a very serious housing bubble and it will probably blow up big time.
If you must, listen to what apex said about 50%. The best thing you can do is wait at least 6-12 months. I promise, you
won't get hurt. Forget about 20%, it is not enough to cover your downside risk.

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this mentality reminds me of the stock traders during the late 90's; obv the bearish instead of bullish, but same mentality
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