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: Haim R. Branisteanu who wrote (33126)	6/11/2005 7:00:33 AM
From: Chas.	Read Replies (2) of 306849

Haim, In the old days people bought cars and houses with the intention of paying them off and at least in the auto sense driving them until they died(the auto), same with the house they just retired in the home.... In this new day and age isn't it more like people just assume they will be making payments for the rest of their lives so lease a new auto every 2 or 3 years......... Is that same thinking transfering over to real estate (home sales) also...... I know a lot of younger couples with family incomes of $35 to $50 K a year and they are struggling......$25000 homes that they have to pay $150000 to get into.... I know a lot of baby boomers(as I am) retired or just retiring that are buying 3rd and 4th properties on pure spec.... They are mostly Auto workers, hourly and salaried, with money to burn...... regards

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