Dear Scout:
Of course you are generally right about 2003 being the last good year for many areas. Dah??????? It is mostly true of those fools who bought washes without knowing, in exact detail, what they were worth and how to determine that. The BS of "I'll make it work" or "Buy it and they will come" is now being proven to be a craven hoax - - - as many of us knew all along.
Now, opportunity KNOCKS - - LOUDLY. Once a person knows what washes are REALLY worth then the slow economy offers chances galore to buy right and make money. Many, many washes are on the market and at least in this area, not selling. The current owners base the asking price on what they paid 2, 3, 4, years ago. Totally meaningless.
Once they go back to the bankers who also knew almost nothing about real fair market value for wshes them step in and buy. It takes due dilligence but when stocks are up, go long; down, go short. Forget abou bitc----- about the market. Instead answer the call of opportunity.
Patrick H. Crowe