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: GraceZ who wrote (11791)	7/26/2003 7:02:22 PM
From: J. P.	Read Replies (1) of 306849

Just because the money is easy doesn't mean it's the smartest thing in the world to do. I'm not one of those who subscribe to the "low monthly payment and higher price at lower interest rate is better" theory. I'd rather pay a higher interest rate if that's what it takes to get a lower price and pay it off quick. But maybe that's not working the system properly. I guess anything is smart, even dumb things are smart, as long as the market is working in your favor. Just like it was smart to buy internet stocks in 1998 and dumb to buy them in 2000. And yes, yes, I know, houses are not like stocks. You can't live in your stocks. And the transaction cost prohibit houses from being traded like stocks, yada, yada, yada. The thing is, all those who would encourage one to buy a house at the top of a massive seller's market are not going to be there to pay the bills and clean up the mess if things turn south. Just like when the stock market comes tumbling down, either you were protected or you were S.O.L. Just don't see the sense in buying a top.

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