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: Amy J who wrote (11818)	7/28/2003 2:54:03 PM
From: Tradelite	Read Replies (1) of 306849

Amy, as a long-time observer and participant in the real estate market, my advice to my 24-year-old son has been and remains to buy a house (not a condo ever and a townhouse only if that's all he could get) WHENEVER AND AS SOON AS POSSIBLE, so he doesn't have to someday bore his kids and grandkids with stories about the 30-year, 6-percent interest rate he let get away many years before. My 24-yr-old isn't ready/willing/able to buy right now, but if he was, I'd drop everything, fly down to his city and get started right away on helping him find something to buy. Funny thing is, his girlfriend's father is a CPA and has been telling his daughter the same thing for the past two years---buy a house as soon as she can. It isn't always what you pay for a property that counts. It's what you do with it after you own it. People who delay or neglect to build up significant equity in real estate are most likely the ones who might have some regrets in the foreseeable future.

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