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 (28812)	3/27/2005 8:12:24 PM
From: SouthFloridaGuy	Read Replies (2) of 306849

Contention 1: The great news for us was that our incomes rose so much during the period our house was priced below what we paid for it (ten years), that the mortgage payment shrank in significance Contention 2: as well as in real terms (we refinanced at a shorter term and lower rate). I never saved so much money in my life as I did when I was stuck in that house.>> Conention #1 is not happening for most people in the U.S excluding insurance benefits. Contention #2 already happened, unless you're proposing that mortgage rates will hit 3%? So where does this leave people without homes or vice-versa the people who have to sell to people like me? S.O.L.? Not disagreeing that a home is a great investment, but the usual caveats apply which act as a "risk-premium". For many new homebuyers in the so-called Blue States, that risk-premium no longer exists in the cost-calculation.

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