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

To: Tradelite who wrote (4673)	8/26/2002 12:10:40 PM
From: JakeStraw	Read Replies (1) \| Respond to of 306849

>>Maybe you should just live there and be happy. Amen!

To: Tradelite who wrote (4673)	8/26/2002 12:23:58 PM
From: ggamer	Read Replies (4) \| Respond to of 306849

Good input and it really makes a lot of sense. My only concern right now is the stability of my job. For example if I had to sell my place a year from now and if at the time prices have dropped 20% then I would lose all my down payment. I was hoping that there might be a way to invest some money so if prices dropped I would come out better on the other side. Since I do not have a lot of money left for hedging, I was thinking about buying some puts (which I have never done before). If the economy picks up and if my job is safe, then like you mentioned, I would not care less where the price of my house ends up. The townhouse that I am buying is very unique with a good size yard and panoramic views of the bay area. I bought it to enjoy life not to make money. GGamer

To: Tradelite who wrote (4673)	8/26/2002 1:42:41 PM
From: bozwood	Read Replies (1) \| Respond to of 306849

<<<If the market price of your home should fall by 20-25 percent, but the next buyer has to pay higher interest to own it, that buyer won't come out much or any better than you, financially. So.......>>> I still don't get your assertion that someone buying an asset 25% below the person before is not any better off??? Let's assume a property is valued at $500,000 and it drops 25% to $375,000 Payment on the $500 prop is $2,997 @6% Payment on the prop at $375 is $3,017 @9% However, the property was purchased at a discount. How is that not better off financially?