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: Skeeter Bug who wrote (5900)	10/4/2002 8:24:23 PM
From: David Jones	Read Replies (5) of 306849

Ya I suppose it's prudent. Retiring debt while money is so cheap. Sure feels backwards though. Seems as though one should be borrowing all one can get but then what do you do with it? There's allot of remodeling going on here but prices are too high for me to make money on a remodel. This areas prices puts a remodel into the above mid price homes and that's not my profile. And spec building is always spooky with out what's happening around us now. I keep feeling I'm missing something. Probably in a year or so I be thinking where was my head? But until then I'll cover my butt and retire debt and wait see. When I get resettled later this fall I'm going to do a little putting around and check out some retirement candidates 'towns'. If prices do back off a-la 1990 buildable bare land takes a beating. That's been my experience at least.

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