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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (28970)3/31/2005 4:56:09 PM
From: SouthFloridaGuyRead Replies (1) of 306849
 
Grace,

I don't understand your point. If your argument is that most people will continue to live in their houses, then I think the whole board is in agreement.

If your point is that you are with the consensus of California homebuyers that prices should increase 20% per year over the next 10 years, then you are in disagreement.

There is a difference between owning a home and being a slave to your mortgage. Mathematically, the latter should not happen if somebody makes more and saves more than his neighbor. If that happens, then the home no longer becomes a place to live, but rather, an investment. And as such, any investment that goes up too much can go down equally so particularly when its price is a function of liquidity.

Plenty of people live in houses all over the world. Nobody is predicting Darfur here.
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