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

To: J. P. who wrote (5236)	9/11/2002 5:13:50 PM
From: Jack of All Trades	Respond to of 306849

Your view would change greatly if you made another 100K/yr trust me... I have friends in CA that worked at hitech firms getting globs of options. Some were smart and sold options as new ones were added, some were not so smart. I have one friend that used to work for me paid cash for a house in San Jose about 1 1/2 yrs ago from his options. I also have friends here in New England that are trading up, making sometimes double on their house over the last 6-8 years. Are they stupid for doing this? Probably not, if the market declines I suspect at most they will just lose the equity in the house, equity that was gained on the sale of their previous house. But New England is not like CA. It's all about timing, I sense that some people are bitter about not selling out at the top of the stock market and/or getting in at the top. One thing all of us home owners/investors don't want to see is deflation, I think the FED will print like mad to avoid this, but one never knows...