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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Live2Sail who wrote (56130)6/15/2006 12:08:44 PM
From: GraceZRead Replies (1) of 306849
 
I'm just telling you what the data says. It disagrees with what your impression is because the US is a big place and has a lot of variation away from what you see around you. You live in a place where housing appreciation and serial buying is considered the norm. It is a mistake to think that everyone or even the majority of households conduct their affairs this way.

I bought my house in 1994 with a 20 year we swapped out for a 15 and the majority of the homes around me were purchased long BEFORE I moved here, long since paid off. The turnover since I've moved here has been around 5% of the existing with approximately 100 new houses built within my zip code.
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