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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (55098)	10/2/2001 5:40:47 PM
From: Tradelite	Read Replies (3) \| Respond to of 57584

<<I have a young friend who sold at the peak this spring he just moved into a nice 2-bedroom apartment comparable houses to his are probably 15% lower now>> What did your friend gain by selling? He's now renting (probably not at a bargain price) and getting no tax benefits from his mortgage. My home lost $200K in estimated market value in one year-----didn't care; wasn't moving. That's what I mean about how bad it is when people "panic" out of real estate ownership.