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Politics : Politics for Pros- moderated
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To: quehubo who wrote (232433)12/24/2007 4:16:52 AM
From: John Carragher  Read Replies (2) of 794399
 
i figure those who buy as investments in housing win or lose.. everyone else just keeps trucking along and housing bubble or no bubble doesn't really mean a lot to the average joe.

some may take out home equity loans but majority of people want to pay off their mortgage and remain in their home. inflation in housing or deflation has zero impact on their daily financial judgements.

if you make 200% on a condo.. let assume you moved into a new condo in some other location. I expect the new condo you bought was up 200% too. the inflation in housing tends to lift all housing.. same with the crash. Imo you are no further ahead if you take the money and reinvest in housing.
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