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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (12168)	8/1/2002 3:00:17 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 17639

>>but IMO, I'm probably one of the few people who looks at home ownership as a place to live, not as an investment. The fact that it has been a good investment is just IMO a "plus"...but I'm not moving just to realize the investment gains. << actually i believe most people think the way you do... what is ridiculous is to hear the pundits talking about all the wealth "created" by ever increasing real estate prices.. i can't tell you the number of times i've heard from people..."yeah it's great, but i can't afford to sell my home..." obviously because the "replacement" has also increased. doesn't help the guy who paid $250K for his house can sell it for $500K and now needs to pay $750K or more to "move up"...i think we are getting "close" to the top as it appears only through some very aggressive financing can first time buyers afford a home. (obviously real estate is "local"...some areas are much more bubblicious than others <vbg>)