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

To: MSI who wrote (7484)	12/20/2002 10:43:51 PM
From: the_wheel	Respond to of 306849

Is SI freaking dead or what? I ask simple question, get two three answers. I thought RE was HOT HOT HOT. So they say. Just got back from beach, 46 paces 150ft half of tree washed up on shore, deserted beach Fri nite. Rain start come back home send SO(that is CAspeak for wife) out to church singing carols(not my style too depressed to enjoy life these days). I miss the GOD(good ol days, thank you grandpa) when we would go down to the Greek or Stanford (whats the name of that place with the eucalyptus trees etc) and dance to Bob and Jerry man "Tose were the days" Fark! Now its just carp! And I don like fish being vegetarian etc. Man those cowboys gonna pick my carcass clean. Tomorra 49ers vs sandfleas. Winner takes all. Will check the weather report at gametime. ONTOPIC: It is just not only staring you in the face it is punching you in the nose: 2-3times RE growth in depressed areas vs reasonable or -negative growth is nobrainer. I heard maybe RE blow up big time before pop. Don ask me I just dumb bottom no brain loser. I am seriously thinking Amsterdam, smart folks, speeke English, no beat carp out of dumass me, I feel like outlaw no wonder thinking desert rat, maybe I should just dig a hole in the desert beat myself with a shovel and say goodnite Gracie. Maybe Australia will take me, I mean they didnot turn down the others.

To: MSI who wrote (7484)	12/20/2002 10:44:30 PM
From: tony	Read Replies (1) \| Respond to of 306849

>>Now we need to foretell world events, domestic politics, general economy, personal job prospects... Compared to past years we're making the crystal ball work overtime ! You got that right. I will not buy any hyped RE in CA or other inflated area. Nothing goes up forever. Let us say 500K property 20% down 400K 30 year @ 6% Payments mortgage 2390 Tax & Ins 600 Total 3K/month Now if we rent @ 2K/month we save 1K/month. If 500k property does not crash but remains @ 500K for next 8 years. One has saved 96K. If we buy the same property now we have 100K original + 96K (rental saving) + 40K (interest from the savings (100K + 96k) approximate). One buys the above property 500K - (100K + 96K + 40K). Mortgage is for 264K only, very affordable. FWIW, I will not buy in CA unless I get real deal.