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Politics : Politics for Pros- moderated
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To: DMaA who wrote (109999)4/18/2005 5:15:35 PM
From: D. Long  Read Replies (4) of 793772
 
The best case for you would be if the market traded sideways for 5 years. When bubbles burst, people start abandoning houses, forgo maintenance, neighborhoods decline. Nobody wants that

I was just joking, of course. But if housing prices hold, or even deflate a bit, I'd be happy.

I still think of home values in terms of what my parents paid, which is a mistake of reasoning I'm aware I make. $120k was alot of house in rural PA even in the mid-90s. I see a price tag of a quarter mill and catch my breath.

Derek
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