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

To: Tradelite who wrote (527)	8/29/2001 4:14:48 PM
From: TheStockFairy	Respond to of 306849

....at the right time.

To: Tradelite who wrote (527)	8/29/2001 4:19:47 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

<<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 it's all well and good, as long as your free and clear in it. It's the record numbers of NEW homebuyers, who've yanked out equity all the way up that will be in trouble when their 160K homes drop to 120K, and their upside down in 'em. Throw in a few layoffs, and things aren't so comfy. Your posts sound like the stuff we heard about tech stocks when the Nasdaq was 5000. "It's bulletproof" "Demand is limitless" "If it goes down I'll just buy more" "Long term buy and hold ALWAYS works". All of that is pure, unadulterated BS. The MOST critical aspect of homeownership TODAY (not in 1985) is that for MOST people, their home represents their largest single debt burden. IF we have a significant deflationary period, that "investment" will suffer and suffer badly.