improving down in sunny florida. We are thru the sub prime, almost thru prime and still kicking. Commercial just starting to melt down and I think this will presentf some rare investing opps. Maybe buy a mall? Why not over 500 of them in florida are at least 3 months behind in payments
almost 10,499 major malls are distessed in the US as of June of this year and my friend at BofA says this number will double by year end as loans mature and refis are hard cuz a ton of malls are upside down due to falling vacancies and low land prices.
We are getting on, paying bills, looking for new ways to make a buck in mobiles. Palm Harbor closed their lot in Ocala…been there for 26 years and it was corporate owned not privately owned…not good news. Properties that look like bargains might not turn out to be…2002 doublewide on 4 acres, barn. fenced fully just sold for 38K but in 3 years it could be worth half that or ten times that amount…who knows.
I haven’t posted much or giving any advice becuse my old business model is truly broken…and I realize it could be years (or never) before that model is ever viable again.
Anyone doing anything cool right now in the mobile business? Making a buck? Losing a buck? LOL