Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: reaper who wrote (145260)	1/22/2002 6:17:59 PM
From: Tradelite	Read Replies (3) \| Respond to of 436258

reaper, if you hold your real estate long enough--and I hope you do---you can ignore the ups and downs of real estate valuation. Don't get me started on this subject, which I'm tired of discussing on the true real estate thread. The last recession (10 years ago) knocked about $200K off home prices in my neighborhood. They are now up $400K. That's what real estate does in metropolitan areas. Do NOT use short-term blips in the market to judge the future prospects of real estate. This has been a losing game for anyone who has tried it in the United States of America, since the first landowner owned land.

To: reaper who wrote (145260)	1/22/2002 6:22:49 PM
From: Tradelite	Read Replies (2) \| Respond to of 436258

<<The value of residential real estate has separated from any sense of "inherent" value based on cash flows and is now just a gigantic ponzi scheme where you just need to pray you're not the last guy in.>> A long speech could ensue here, but I will refrain. <<gg>> Let me just point out that the property taxes you pay support the schools and other services in your community, and I'm sure you know the value of good schools and services--to the community and to the value of your own real estate. Surely you would not prefer that everyone rent? And isn't it clear why Fannie and Freddie exist and why the government encourages home ownership?