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

To: Lizzie Tudor who wrote (5621)	9/26/2002 11:05:27 PM
From: David Jones	Respond to of 306849

Yap just buy on the way down and hold for ten years. How foolish of me to buy when it was going up. Though Lizzie I really don't believe prices will roll back to those of 1990. If so we all may be in soup lines. There wont be any card board boxes to live in sense no one will be able to afford any thing that comes in one.

To: Lizzie Tudor who wrote (5621)	9/27/2002 1:20:26 AM
From: Conan	Read Replies (1) \| Respond to of 306849

>>It's better to buy when the market is going down than when it's going up Lizzie, have you ever noticed that when the real estate people are quoted they always say NOW is the time to buy. Same thing with the refinancing people. They seem insistent that what ever is happening now, NOW is the time to act. Kinda funny, don't you think? The selfish self interest of these people is obvious. Conan

To: Lizzie Tudor who wrote (5621)	9/27/2002 1:47:06 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Could you lose a few percentage points until a bottom is reached? Yes. But, why are you buying the house? Most people buy houses as a place to live. If you live in a house long enough, ten years ought to do it, you will come out ahead" Reminds me of financial planners telling people to buy stocks on a monthly basis because, over time, they always go up. I guess they lost some credibility there. Safe to say that more than a few dot.coms will not reach their 2000 highs in the next 10 years... Then again, Real estate and stocks are two different animals. Real Estate always goes up....lol Jim