Jack McCabe Quotations

We sure haven't seen anybody talking about this kind of stuff in the last three years. I'd say the love fest in real estate is over.

It is bad news for renters. These people are being squeezed out of the marketplace.

Realtors have been selling properties by telling investors they can't lose -- that their investments will be home runs. But the value of real estate can go up or down. If it goes down, you'll see speculators suing brokers. You'll also see lenders suing speculators as speculators walk away from their payments or fail to meet their closing costs.

There hasn't been the necessity to do that before. The environment is going to get highly competitive this year.

We are going to find the worst price corrections in the markets that have had the most explosive appreciation in the last three years. And guess what? Sarasota is one of the top five in the country.

They do not want to see any government regulations or control because it limits the profitability. The free market is not doing anything to yield more affordable housing.

That's really good pricing for a nearly new property, compared to comparable 10- to 15-year-old properties for sale in the area.

It's starting to make sense to build apartments again because rents are escalating now after a few years of staying flat.

It's an early-stage trend that will probably accelerate as the market slows even more.

This is just the tip of the iceberg. I believe fraud has run rampant and that the number of fraudulent deals will be measured -- not in millions of dollars -- but in hundreds of millions of dollars.