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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 (1316)	1/10/2002 11:03:54 AM
From: portage	Respond to of 306849

>>But there's this little voice in my head and it's telling me the world just isn't wired to let so many people make so much money in so short a period of time and let them keep it. I recognize that voice. Sounds like the one I heard a few years ago as I watched 23 year old optionaires zip around on their razor scooters through the streets of San Francisco. Not so many of them here anymore. This new voice is a lot calmer and comes in a different flavor. But it's still there, just a little more dissonant.

To: J. P. who wrote (1316)	1/10/2002 12:40:37 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

You appear to be concerned about SHORT-TERM real estate values, and that people who made a lot on real estate in a short time might lose it. Historically, real estate values move up in spurts, not a steady progression. They sometimes drop back a bit, of course, or just stay the same for a while. Then they have always surged forward in good economic times. Real estate is NEVER a good short-term investment, except for a lucky few. It is a fantastic LONG-TERM investment....always! (Provided it is well-located, well-appointed real estate, and not a dog to begin with.)