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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (342)	8/28/2001 5:17:51 AM
From: Tradelite	Read Replies (3) \| Respond to of 306849

David, you are a voice of reason on this rather odd discussion thread. I've been getting a big kick out of the people who don't own any real estate and think they will "pick up a bargain later" (without considering how much they will pay in higher interest rates)....and the people who think they should sell while prices are high to take advantage of the market.....where are these folks going to park themselves at a better price with better tax advantages when they sell? Trying to "time" a real estate investment is going to cost anyone much money one way or another.....people who think this way need a really good financial advisor to break down the costs of waiting to buy/waiting to sell/trying to rent/avoiding taxes.... to better their financial situation. This type of education isn't gained on a stock-market discussion site such as SI. You can sell a stock for a 10-dollar commission these days and you will know the consequences and know exactly what you will pay in short-term or long-term capital gains tax. Not true for real estate. My two cents as a real estate broker and long-term real estate holder of properties in multiple areas of the country.