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Strategies & Market Trends : Take the Money and Run

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To: MulhollandDrive who wrote (12177)	8/1/2002 3:05:54 PM
From: Jorj X Mckie	Read Replies (1) of 17639

We looked at taking profits on our house and moving a little bit further out of town where we could get a similar place for about 2/3 the cost. After crunching some numbers, we figured that the RE market could drop pretty significantly and we are still better off staying where we are. Moving ain't cheap. Getting a new house ready to move in ain't cheap either. The thing that worries me most is that the inflated property values coupled with low interest rates encouraged people to do home equity loans that may be difficult to service as people continue to lose jobs and/or take pay cuts.

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