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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: LLCF who wrote (2769)6/27/2003 1:30:43 PM
From: GraceZ  Read Replies (1) of 4907
 
I reread the post you originally replied to and I want to make it clear that I didn't mean to imply that people ONLY buy houses because they expect them to appreciate or even that this is the primary motivation (the way one would buy a stock). The thing about houses is that they share the aspect of a consumer good and that of an investment. When people choose a house they are most concerned about the things you cite, but the investment aspect does play an important role. Otherwise I wouldn't have spent two years listening to people over on the Real Estate Crash thread complain that while they wanted to buy a house, they felt that houses were over priced and they didn't want to buy a house whose price was then destined to fall from where they bought it.
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