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

To: MulhollandDrive who wrote (6284)	10/27/2002 12:23:38 AM
From: Michael Sphar	Read Replies (2) \| Respond to of 306849

You make a good point. Buying a house is not like speculating in equities. Its a major life changing decision and should be approached carefully. Buying the second home is also, but perhaps not as much so. In 83 or 84 Intel wanted to move me down to Phoenix. I declined for non-economic reasons. But I looked at the housing down there at that time. I didn't like the feel of the one dominant employer town that I saw down there at the time but the housing was beautiful and lots and lots of availability. I sometimes wonder why?<g>. Perhaps I was lucky and could choose an option that others might not have had. Perhaps I was just stubborn and being a third generation Californian too entrenched to be driven out. But I look at this thread and see an awful lot of fearful prognostications, yet when I look at the Real Estate Crash Index 16 months after its creation, its up 12%. Not a bad record in this market, don't you think? What the heck is that signaling ?

To: MulhollandDrive who wrote (6284)	10/30/2002 2:38:15 AM
From: Paul Viapiano	Read Replies (1) \| Respond to of 306849

Hi Mulholland, talk to paul v. on this thread...who is JUST NOW able to get out from under an upside loan situation after many years..in so. ca..... I assume you were talking about me...just to update everyone, all is moving as planned...bought our new home in Pasadena (closing escrow in 2 weeks) and sold our old home (owned 14 years, went through a boom and bust and another boom with it) for well over the asking price and that one will close in 40 days or so. This will allow us to get some things done to the new place before we move in. However, we already have major plans in store for it... Paul