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: 10K a day who wrote (86076)	8/19/2007 8:37:55 AM
From: Tradelite	Read Replies (3) of 306849

I can understand how people can get upside down by hundreds of thousands. I've seen that happen. That's what real estate markets do and have done, even during the years I've owned my own home. What I don't understand is why they didn't listen to history and the table-pounders who were telling them this happens, and they should prepare by fixing their monthly payments for a long-term period of ownership, or get a decent ARM that will serve them well without tremendous shocks during the period they MIGHT stay in the same home. Interest rates and market conditions do not stay the same. Long term, house prices go up. But we might not live long enough or be able to stay in the same location long enough to enjoy that fact.

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