Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1477)	3/11/2001 3:14:37 PM
From: GraceZ	Respond to of 24758

This comes back to my original statement that the index is deceptive because only those homes that are rising in value are going on the market. You can't sell your home if you live in an area where the value is dropping or standing still because you can't pay off the mortgage after paying the high commission to the broker. It takes five years before most 30 year mortgages pay off even a thousand dollars in principle. Add mortgage insurance premiums or FHA insurance or no down payment loans in there and you've got a lot of people that are stuck owning the house they are in.

To: Ahda who wrote (1477)	3/11/2001 3:40:33 PM
From: GraceZ	Read Replies (1) \| Respond to of 24758

I notice York, Pa at -0.5% on that index. I live at the Northern most point in Maryland just spitting distance from York County, PA. and the Mason Dixon Line. Baltimore county is an expensive area and growing in leaps and bounds, while York County, especially as you approach York remains inexpensive and somewhat depressed. If we need somebody to do something, like sell us firewood, fix a roof, pave a driveway.....we pick up that York County phone book because there is just an enormous difference in prices for services. The same is true for grocery shopping. I go up to a small town in PA to shop even though I pass a dozen super markets on my commute home because the difference in a complete basket of groceries between here and there is almost $50-100. We're talking a 10 mile difference.