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

To: Juster who wrote (473)	8/29/2001 12:04:57 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

In 1989 my house was worth $280,000 and didn't get back to that value till 1998. I had a similar situation with a house. I wound up owning it a good six years longer than I'd planned on and sold it for the same amount I bought it for 11 years earlier. I think this is the exact situation that the people who are talking "doom and gloom" are trying to keep others (and themselves) from getting into. I know it was pretty painful for me to have to hold onto something that was slowly losing value while the houses in the area I wanted to move to seemed to be getting further away in price. This is what happens when you buy real estate at a cycle high, you get left holding the bag. If you plan on living there the rest of your life, who cares, but people's situations change. Death and divorce are kinda hard to plan for.

To: Juster who wrote (473)	8/29/2001 1:12:43 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>that real estate overall except for a personal residence is not a great investment.<< depends on whether it is an actual investment. your personal home is not quite and "investment." it is a place to live. now, if you rented it... and turned it into a 100% investment... let's say you bought it with 10% down and your renters covered your mortgage and all expenses - except you didn't upgrade the home. you just turned $15k into about $150k profit ($380k-$80k-$150k) - excluding $80k for the upgrades and the initial $150k purchase price. that yields a pretty nice annual return on a 100% estate investment.