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To: horsegirl48 who wrote (7926)	6/22/2002 7:37:42 PM
From: McNabb Brothers	Respond to of 13815

My question and comment to you would be, she better watch it if she puts a price on her home because if she sells it where is she going to move that's any better for less! You see most Americans are use to living in a home and I doubt your sister would want to live in a tent city until home prices dropped back and that is if they drop back! I would not use my home as a trading asset like a stock! Hank

To: horsegirl48 who wrote (7926)	6/23/2002 1:13:57 AM
From: pbull	Respond to of 13815

My take on this issue is simple. If she has a home worth $750,000, and she can find a place for, say, $250,000 that is suitable, then why not pocket a half mil and forget about it? A long time ago, real estate prices got a little out of hand in Texas (to hear them tell it back then, there was a land shortage in Texas. Hmmm.) The S&L fiasco ensued. Now, sure, a few years later most things were OK again. Those who had the wherewithal to ride out it were fine. Those who didn't went broke. That's just how it has always been. That's my view. For more expertise on this issue, I would refer her to Donald Trump. His enterprise is publicly traded, so if she chooses to invest in it, she can. PB

To: horsegirl48 who wrote (7926)	6/23/2002 9:48:01 AM
From: David Weis	Respond to of 13815

I understand perfectly. Moving from Louisville, KY, to Orlando, FL; it took me 3 months to get over the price differences in older, downtown homes. In Louisville, 3000 sq ft for less than $250,000 all day long. For the same money in Orlando, you might be able to purchase 1800 sq. ft. Here in Memphis, I see all these new subdivisions being developed and then I see where the May housing starts were up 11%. So, my BIG question has been, what is driving all of the housing starts in Memphis? There has not been any BIG company relocate here, nor any big expansion of the local economy (that I know of), so what's the deal? I've wrested with this because I'm concerned with re-sale of any house I buy here....since Florida is where we want to retire to in a few years (???). The best answer I can come up with is that with the very low interest rates, more people can afford a house payment. There have to be higher vacancy rates in the apartment rental market ---- and yes, I have seen a lot of specials being offered at the bigger apartment complexes. I do know the rental market in the downtown Orlando area was experiencing a glut of vacancies this Spring. The nicest areas will continue to appreciate in value; however, the higher the cost of the home the more difficult it is to sell As to your friend's house; 750,000 to 1 million in 10 years is quite feasible; that is less than 3% per year increase in value. My real estate investments since 1997 have fared a lot better than my stock investments....taking into consideration where the market is now. grin David