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

To: MSI who wrote (7006)	11/21/2002 7:16:52 PM
From: MulhollandDrive	Respond to of 306849

>>Cooler heads prevailed just before close of escrow, when they started adding up the real costs, soft-peddled by the agent, seller, banker etc., and discovered that taxes, insurance, maintenance etc. would make them slaves to their house... << i'm glad to hear that. being a slave to anything sort of takes away the joy of "ownership" <gg> actually it's not the house the borrowers are slave to it's the mortgagor... in other words... who owns who?

To: MSI who wrote (7006)	11/21/2002 7:18:20 PM
From: Lizzie Tudor	Respond to of 306849

A young couple, friends of mine, were seriously talking about buying a 5,000 sf home, Tell them to rent a house that size for a few months. Once they see the maintenance and cleaning headaches involved... they'll back away... trust me I know!! Huge houses like that also usually have a lot of windows... beautiful to look at but try to heat the place, forget it. And then there's the worst luxury of all from a maintenance standpoint.... a pool! Sorry to be so practical. :-) Lizzie