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To: NOW who wrote (189604)	8/27/2002 3:16:48 PM
From: j g cordes	Read Replies (2) \| Respond to of 436258

Misunderstanding developing here.. I posted an article that discussed housing as if housing were equities. Buy low sell high, are we in a bubble, should one sell out, etc. This seemed like a stretched and untenable argument to me. Homes can't easily be bought and sold like stocks. Perhaps for some who have many homes, they can be bought low and sold high, but for most people where they live is not easily parted with for many reasons. Schooling for children, job location, holding the assets one accumulates, the slowness of transacting a home purchase or sale... the comfort one finds in emotional attachments, etc all make trading homes like stocks untenable. Someone answered one could rent.. Well sure, if you don't have a family and if there were equally cost effective choices. Often renting is more expensive than owning. Second, there aren't enough rentals to go around if lots of people began selling. Ownership exceeds renters. Last, to your point on how much.. sure, one could have realized lots of money and it might make sense to sell. With the couple 500K non-taxable appreciation rule, it would make sense to diversify one's assets.. IF one can put up with or has the ability to move somewhere else that's cheaper or as practical. Anyway.. trading homes is for a small minority which is why trading out of a possible real estate bubble isn't an option for most people. Jim