Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (34888)	6/11/2003 9:23:47 PM
From: Cogito Ergo Sum	Read Replies (1) of 74559

location location location is wrong wrong wrong I live in Toronto. During the last RE bubble our townhouse in fashionable Thornhill went up a lot. A few years after the crash we sold and moved to a nice 'less trendy' old neighbourhood of Westhill in Scarborough (now Toronto). The townhouse lost about a third of it's bubble peak value while the larger house on the larger lot we bought was closer to 45% off its peak. That's why we moved. More bang for the buck... in the same city. Of course location counts. So does timing if I wanted to store half my goods and rent an apartment... yech! It's just different strokes for different folks. Next time I move I'll do like Kim, be out in the boonies and live like a king... OK maybe just a country squire... :o)

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