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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (6284)10/27/2002 12:23:38 AM
From: Michael SpharRead Replies (2) of 306849
 
You make a good point. Buying a house is not like speculating in equities. Its a major life changing decision and should be approached carefully. Buying the second home is also, but perhaps not as much so.

In 83 or 84 Intel wanted to move me down to Phoenix. I declined for non-economic reasons. But I looked at the housing down there at that time. I didn't like the feel of the one dominant employer town that I saw down there at the time but the housing was beautiful and lots and lots of availability. I sometimes wonder why?<g>. Perhaps I was lucky and could choose an option that others might not have had. Perhaps I was just stubborn and being a third generation Californian too entrenched to be driven out.

But I look at this thread and see an awful lot of fearful prognostications, yet when I look at the Real Estate Crash Index 16 months after its creation, its up 12%. Not a bad record in this market, don't you think? What the heck is that signaling ?
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