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: Don Green who wrote (36079)	7/22/2005 11:12:07 PM
From: John Vosilla	Read Replies (1) of 306849

I would think three financial considerations for folks staying put would be locking in today's very low rates on a mortgage, keeping a low tax base if living in a state that caps the rise on homestead property and (or) that their equity in the house was only a small percentage of total net worth so short term declines are a minimal impact on lifestyle. I personally live in a home with significant equity myself but as I'm still fairly young (45) and invest for a living I'm soon to make the decision either to sell and rent or refi cash out. My other investments to generate a whole lot more than the 5% cost of capital and keeping a ton of equity in any asset that I perceive to be stagnant or declining the next cycle would drive me crazy<g>

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