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

To: J. P. who wrote (521)	8/29/2001 4:02:15 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

You left out a calculation of what I'd be paying in rent today--and what I would have paid over the past few decades---- to live in a similar type of home or one half the size. (And unlike some of the people on this message board, who don't seem to need places to live, I do need a home.) Let's see....somewhere around $2,500 to $5,000 per month. Frankly, that kind of monthly expense--with no tax relief to offset it--- is real scary to me.

To: J. P. who wrote (521)	8/29/2001 4:11:41 PM
From: Tradelite	Read Replies (3) \| Respond to of 306849

<<Knew you were gonna come back with that....>> Uh oh, you left out something else, too. If the local real estate market crashes, and my home is only worth $500K instead of $800K......guess what???? I'VE LIVED IN IT FOR FREE FOR MORE THAN TWO DECADES. And thanks for the compliment, this has nothing to do with "doing well for myself." This is what happens to the long-term homeowner, no matter who he is, as long as he invests in a decent piece of real estate in a good location.