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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (18674)	3/19/2000 9:14:00 PM
From: Terry Whitman	Respond to of 42523

Tough luck on your lot. California land is a whole nuther ball game. I've heard lots of sob stories about people losing 30-40-50% on their homes in the land of fruits and nuts. The real estate market is cyclical too, and if you buy at the top of the cycle- it can be a long time before you ever make a profit. I think the fellow that developed the land I bought lost money. He bought about 20 years ago at the top of the market. Now he's sold out- just when the market is starting to take off. That's why they call it speculation. <g>