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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: melinda abplanalp who wrote (39492)	10/10/1999 10:01:00 PM
From: epicure	Read Replies (2) \| Respond to of 71178

I think if it were me- I would wait to buy. We are at or near a top in the Bay Area. We won't be at another bottom for about 8 years. And you want to buy at a bottom- unless interest rates spike- of course. But I lean towards a short term inflationary flutter, followed by a long term deflationary spiral. And you wouldn't want to be holding property you bought at the top through that. LAST time people bought at the top some people were actually left holding mortgages for more than the value of their homes- by the time the thing settled out. I remember we petitioned to have our house re-appraised (down) 4 times- and won. So I don't think you will lose anything by waiting.