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

To: Oblomov who wrote (1164)	12/11/2001 11:52:58 AM
From: Tradelite	Read Replies (4) \| Respond to of 306849

<<I will likely buy a house in the next several months. But it will be on my terms, not the bank's.>> Hmmmmmm.....I figured you didn't own one yet, or you wouldn't be so negative. Here's some advice worth exactly what you're paying for it: don't wait several months---you'll hit either the beginning or the middle of the hottest selling time of the year---late winter/spring market, just when most people start looking for homes to move into once the kids finish school in May or June and when corporate relocation comes more heavily into the picture. Slight increases in interest rates might scare more people into the market, too. And if the market has been slow for a while, pent-up demand has a spectacular way of busting out of nowhere. Good luck and happy hunting, though!

To: Oblomov who wrote (1164)	12/13/2001 11:36:48 AM
From: Skeeter Bug	Respond to of 306849

oblomov, the bottom line is the real estate industry lobbied way back so they could spur home sales and make more $$$s. current home owners didn't mind b/c the subsidized housing inflated home prices through the roof. if there was no mortgage deduction then home prices would still cost the same on an after tax basis. iow, the selling/buying prices would be about 1/3 less than they are now. that's a 50% income increase for those nifty real estate agents out there. so, in reality, all the benefits of the mortgage subsidy have already bee reaped for j6p. only real estate agents, tax planners and the like benefit now.