The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (118)	7/21/2001 10:46:52 AM
From: AugustWest	Read Replies (2) of 306849

Probably best to keep a core position and wait for news I look around town and see the houses for sale, couple years ago a sign would be up a week max. Now I begin to see more and more "reduced" stickers slapped across the "For Sale". Why housing is still rising is beyond me I suppose. Recently the county in which I live did reassessments(mine hasn't been done since '65 so, there's gonna be an "ouch" for me I think) But I was talking to the guy(independently contracted) and he was telling me that in some subdivisions people are selling for 10% under what they paid just a year or two ago. And we all know how fast they slap those houses up. Concrete drive now about 6" above the garage level, shingles falling off in a wind storm, windows not tightly sealed, you know. Glad my house was built in '56! opps, morning caffine detracted me. If you've got a HUGE position now, consider "buying down to the sleeping point" and averaging up later. That's just it. It is not that large. In fact, it is only 200 shares, I entered the position fully intending to average up or down. And as previously mentioned my time horizon is 1 year at least(just don't want to be averaging up at $75<G>). That difficult part for me holding through the lows I know won't hold at these times because at heart, I'm a trader. But if anything it is teaching me patience as an "investor" I would like to again be some day. Thanks to both you and Grace for the replies. I bookmarked this thread when you started it, but only recently felt like sharing my woes<GGG> <end of Saturday morning rant>

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