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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Jim McMannis who wrote (45844)10/18/2011 11:01:50 AM
From: Mike Johnston1 Recommendation  Read Replies (3) of 119361
 
He did not make a real profit unless this was his 2nd, 3rd, 5th or 10th house.

If it was his primary residence, then he would have to pay equally inflated bubble price if he was to turn around and get another house.

Profit would be made under one of these 2 scenarios:

1. He sold a 2nd, 3rd and so on ..... house purchased for lower price as an investment/speculation

2. Sold primary in 2002, went to live with parents for a while and purchased back same or other house after bubble burst for 50% less.
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