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: fatty who wrote (4706)	8/27/2002 10:13:13 AM
From: Tradelite	Read Replies (2) of 306849

<<these days, people are paying lot more money for far less land. doesn't make much sense to me. >> That's what people said 50 years ago, 100 years ago, 150 years ago. Do you think this will change? Do you ever think you will look at a piece of real estate and think it's cheap, or even reasonable? If prices go down, will you think you're getting real estate "on sale" at a bargain price? I'll bet not. If the $500K house drops to $375, minds won't change, fears about future appreciation won't be gone, people will think they should wait until another $100K comes off the price. Fact is, when you need to buy a house, you oughta buy a house, because no one knows what things will be like in the future and it makes no sense to wait for things to change "back to where they used to be." They won't look good to most people even if they do. And it doesn't do any good to say that I'm saying this or trying to make you believe something just because I've been in real estate sales. I don't make any money off you by expressing such an opinion. You can take it or leave it.

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