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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Whitman who wrote (102844)5/17/2001 12:43:51 AM
From: Broken_Clock  Read Replies (1) of 436258
 
terry,
Are you a speculator or an end user? In Walnut Creek, bedroom to SF and Silicon nutsoids, prices are supposedly dropping rather quickly. In Japan, saving cash at 0% interest is a positive. The asset that was 100k last year is 70k this year during deflation. IMO, it's a 50/50 shot. Inflation or deflation. BTW, real estate is my profession. I'm not convinced we will have runaway inflation. I think debt will pop the balloon. In any case, the extremely wealthy will do fine. The middle and lower income will struggle. Who will the buyer for your land be? What is your exit strategy? I always tell buyers, "Are you willing to live there and can you afford to if you have to live there?"
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