SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JoanP who wrote (399)8/28/2001 2:12:01 PM
From: SouthFloridaGuyRead Replies (1) of 306849
 
<<When you retire, would you be better off having a house that was paid for as opposed to paying rent to a landlord?>>

I would want to be in a situation in which I have maximized my financial situation. If that means buying a house, so be it. If that means being in the situation many Japanese homeowners are in, forget it.

I an not sure of the point to the IBD Article, but it's useless. Government intervention of any free market can only delay not avoid the inevitable. Generally, government interventions create terrible disruptions and moral hazard - exactly what happened in the United States over the last 5 years of this absurd bubble. Ask Alan Greenspan about how great intervention works when you abuse it.

<<Real estate is cyclical and now may not be the best time to buy if you are a first-time buyer.>>

I would be a first time buyer, and like many New Yorkers who have created the boom, I work in finance. My job might not be secure and I no longer expect 15-20% salary increases per year. Almost everybody I know who has benefitted the most from the boom or has rode the coattails is in the exact same situation. If I am spared and I do get to keep my job at my current salary, I cannot justify paying 500k for a semi-decent house in a local real estate market I know is highly cyclical and highly correlated to the stock market.

<<Nationally, almost 40% of homeowners own their homes free and clear. Another 30% owe very little on their homes.>>

Not in NYC. Please verify your stats because they contadict everything I have read.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News