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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (1671)5/21/2003 2:57:10 PM
From: benwood  Read Replies (1) | Respond to of 4905
 
Even having paid off the mortgage, people will be in for a shock. I already pay more in taxes for my house than I used to pay for a 2 bdr apt 20 years ago. At 4% inflation of taxes, my prop taxes will be up to $800 per month in 20 years, and with maintenance, I'll still have to pay $1000 per month to live there. Methinks there will be a vast exodus to areas without a massive infrastructure to support.



To: MulhollandDrive who wrote (1671)5/21/2003 3:20:46 PM
From: yard_man  Read Replies (1) | Respond to of 4905
 
at some pt, I think higher rates will be an impetus to pay down debt, BWDIK?



To: MulhollandDrive who wrote (1671)5/21/2003 3:45:31 PM
From: LLCF  Read Replies (1) | Respond to of 4905
 
<the same demographic that drove the equity bubble with retirement cash, has now turned their sights on housing as their "real" retirement nest egg...>

When are they going to turn their sights on GOLD??? -gg-

DAK


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