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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (17307)	4/25/1998 11:07:00 PM
From: paulmcg0	Read Replies (2) of 94695

Bonnie -- thanks for the advice about buying a home, but I don't feel like doing that just yet, for the following reasons: (1) I'm a young single guy in an expensive housing market (Orange County, CA -- I work in Irvine) and about all I could afford here is a condo/townhome. (2) I figure that after the market crash occurs and unemployment soars, I will be able to buy a place at a much lower price from someone who is desperate to sell. (3) Owning a house is not a very liquid investment. I'm thinking about whether or not I want to stay here in southern California or if I even want to stay in the U.S. and a house would tie me down if I bought one now. "It's not a 30 year mortgage, it's a 30 year sentence..." Paul

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