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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (24510)2/27/2005 5:55:45 PM
From: CalculatedRisk  Read Replies (3) of 116555
 
Amazing story. And who knows ... maybe RE will continue appreciating for another couple of years.

I had a couple of friends that had never owned before buy their first homes 2 to 3 years ago. I cringed at the time, but kept my mouth shut - lucky for me!

If a friend was buying now, I would say something. It feels like the NAZ in 1999.

OTOH, I'm not selling my house. I don't care if it goes up 30% or down 50% ... it makes no difference to me ... I still need a place to sleep (and read SI). But I can't imagine someone paying "market value" for it today.
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