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: Tradelite who wrote (1332)	1/11/2002 11:53:02 AM
From: LLCF	Read Replies (2) of 306849

<The only problem with that line of thinking, from what I can see, is that you are thinking SHORT-TERM. Short-term owners should not buy houses.> It's not short term thinking.... the spike we have seen is probably the short term occurance. <Even if a million dollar home in the Bay Area drops to half a million in two years, it will someday be worth a million again and eventually 1.5 million or 2 million, given enough time.> From you're mouth to gods years.... how do you know it's not the next Syracuse or Toledo??? <However, some of these younger people could buy a home, and then be transferred to another city and could rent out the home in the old city to pay off the mortgage. That's how some people do it and have done it for years. Some of these people wind up very wealthy for having done it this way. > That's a real pain in the ass... you have to get a management company to fix the toilet's when they break cause you're not in town. You're basically just even longer real estate... if you like that, I guess it's OK. DAK

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