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

To: J. P. who wrote (11833)	7/28/2003 6:32:59 PM
From: Tradelite	Read Replies (3) \| Respond to of 306849

Depends on how much money you're making and how much tax you're giving away to Uncle Sam and how much of a potential down payment (which is EQUITY) on a home you are giving away to a landlord who understands exactly what he's doing. Everything adds up. Be sure you add it all up. And no, I wouldn't try to time the real estate market the way you are suggesting in comparison to the stock market. I already mentioned what would be my fear if I hadn't yet bought a home but needed and wanted one. That fear is that my position in the real estate market could be further diminished by events, by economic developments to the plus/growth side, and by interest rates rising. Even people who sell real estate every day don't know a dip when it occurs---it's only concretely visible long after the fact. Movements in the real estate market are far more stealthy than stock movements---there are no 15-30-minute charts to tell you where the pivot points are. Whatever. Good luck. If you were my offspring, you already know what I'd say. (START BUILDING EQUITY NOW) So enough said already. Now start listening to Elroy. He's always full of good advice from Beverly Hills. <GG>>