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 (2497)	4/29/2002 11:06:52 PM
From: bozwood	Read Replies (1) of 306849

Fine, but since you get to portray my positions, I will at least let you know what my positions really were. Anecdotal evidence: "based on casual observations or indications..." I believe your credit card example fits. As for my research: personal observation of hundreds of actual home equity applications and loans that were actually doing what you proposed. Even though a number of years ago, I am unable to recall someone with very good credit coming in to roll high int rate cards into a home equity loan. <<<I couldn't agree with your attempt to portray the costs accruing to a buyer who was renting at less than $800 a month while buying a $250K home>>> It wasn't an attempt (I did the calculations for higher rent as well) it was an actual calculation that you never really did dispute (posted an article as well). <<<high-credit-card-interest is NOT the province of only sub-prime borrowers>>> I never said only. I said the majority. <<<I also can't agree with your premise that the average stock holder will make 10 percent in the next year or two routinely unless you tell us what to invest in>>> Never said that, of course. I gave you average returns from 1929 to 1998 or so and the average was over 10 percent. These are actual numbers, Tradelite. I never said in the next year or two, but over the time a home would be owned I feel confident that return could be achieved. Oh, and the investment would be in SPY. Check it out. <<<you don't agree that real estate is any type of investment for the future at all>>> Never said that (again). Actually, I think real estate can be a great investment and members of my family have made a lot of money from real estate investments. I posted an article, ran calculations, etc. to refute your portrayal of owning a home as being a good investment. Again, you failed to reply with anything substantive. <<<I think you see the problem>>> Yes, I think I clearly do.

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