Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: EL KABONG!!! who wrote (2796)	6/27/2003 6:58:36 PM
From: benwood	Respond to of 4907

I never said that price appreciation was not a primary motivating factor for some, nor even many. Just nobody I know <g>. I certainly believe there are plenty who do as Grace believes we all do, and I've often heard people encourage others to buy rather than rent "to take advantage of rising prices" although that's partly to avoid rising rents, too. During a bubble, that trend would naturally accelerate and draw more people in at the margin who will be primarily or solely motivated by profit. Grace would have been completely correct if she said "some people are motivated by rising prices" or even "many..." but she said, in essence, "all people" and I find that insultingly paternalistic. I wouldn't normally sound off, but it was my turn I guess <g>

To: EL KABONG!!! who wrote (2796)	6/27/2003 11:46:08 PM
From: Cogito Ergo Sum	Respond to of 4907

Hi Kerry, on the home thing. We bought our first home in Toronto at the onset of the 80's boom., maybe 8 months in. It was cheaper to carry a mortgage for us in Toronto even @ 10.25 than renting. We figured worst case the house was store of value and as Ben says at least a place to live eventually rent free. OTOH we bought in an area likely to have good appreciation in price. By house two we had one child and then schools, park, church and facilities all played a huge role as well as our predisposition to larger lots and older neighbourhoods. We eschewed a home with similar features in a trendy (likely to go up neighbourhood, our old one) as the cost for similar features was 60K+ more and local services in the cheaper neighbourhood were better. regards Kastel