Take the Money and Run Message Board

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Strategies & Market Trends : Take the Money and Run

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To: MulhollandDrive who wrote (12177)	8/1/2002 3:20:02 PM
From: Libbyt	Read Replies (1) of 17639

what is ridiculous is to hear the pundits talking about all the wealth "created" by ever increasing real estate prices.. I would agree with you...especially if you are talking about the average homeowner, and not someone who owns numerous homes for investment purposes. ..it appears only through some very aggressive financing can first time buyers afford a home. Again, I agree. I know in my area, a "starter" home is almost impossible to find. "Creative financing" will be an option IMO for more sophisticated buyers and sellers...just like it seemed to be during the time when interest rates were extremely high. There are some sellers who may be "downsizing"....who may not need the money immediately out of their home sale, and probably would be willing to help with the financing of their sale to a qualified buyer.

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