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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (54786)	9/5/1999 6:46:00 PM
From: Ish	Read Replies (1) \| Respond to of 108807

<<I understand the cost-benefit calculations to the builders, but why do the buyers go for them? Why would anyone with that kind of money buy them? >> It's the mine's bigger than your's syndrome. Neo said the word, conspicuous. Lookie, I gotta big house I only use 1/3 of. That's one part. Another is that's what is being built. My cousin wanted to have a house built but couldn't find a builder for what he wanted. The profit wasn't there in an 1,800 sq ft ranch. Zoning minimums come into play. A guy goes to the zoning board and wants to put in a normal subdivision and they give him the song and dance about too much expansion. Same guy goes back next week with a plan for twice as many homes at a $500k minimum and the board sees the real estate tax revenue and says bless you my son. You want a 4 lane road leading to it? Another is the low interest rates. Scoot those puppies up to 12% and mobile homes would be popular again. Another is a home is a savings investment for many. Stick as many $$ as you can afford in and hang on. Residential real estate has been good the last few years. Plus you can borrow but ask the bank for a loan to buy stocks. Yuk yuk. Debt? What? You don't owe? You're unamerican. I'm of the old school, I reach in my pocket to see if I can afford it. Most people are so used to debt the only question is what are the payments. You get a one up for looking for a deal in your price range and not letting lust for showing off get you in a hole. But in the end it's really all having a fancy address and a dick bigger than normal.