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

To: SBerglowe who wrote (2768)	6/17/2002 10:39:50 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

SBerglowe....don't worry, the greedy sellers and the waiting buyers will get what they both deserve, one way or another, for better or worse. The market always wins. Trying to time it is futile for everyone except the most lucky who happen to be buying or selling at just the right moment. (And don't assume they will always be lucky--they can push their luck and get caught in the wrong cycle the next time they try the same thing.) You brought up an interesting perspective, however, which ties in with the confusion existing here and everywhere about the differences between stocks, houses, and market trends. Some people want to believe stocks (especially builder stocks) will go down, some people want to believe house prices will go down, some people want to believe a spike in interest rates will change home values.....and the bottom line in the very long-term end is that it won't make much difference to the long-term homeowner. Just ask anyone who has owned real estate more than 15 years or so. If you're long-term, you couldn't care less what the market does from one year to the next, or one cycle to the next. During the time you own the property, you reap whatever is available to sow from it, and this can amount to quite a bit tax-wise and equity-wise.