Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: SGJ who wrote (1021)	5/11/2003 5:10:41 PM
From: Robin Plunder	Read Replies (1) of 4905

Qcoman, I have recently been relocated to Albany NY area, and have been renting for the last year. I thought I would wait on buying a house until I could see how the stock market holds up this year. I had guessed that the dow would break to new lows below 7000 by now, but here we are and the dow is still well above 8000. My feeling is that I should continue to rent, given the possibility for severe economic problems around the world, but this might take a long time for events to play out. Does it make sense to buy a small house, since it really is not that pleasant to rent for a long period of time, and one can build equity each month as the house payment is made? Will home values for small homes hold up better, as people might be forced to 'trade down'? Probably I should just continue to rent, put my money in gold and gold stocks, and not deal with real estate at all. Robin

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