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

To: GraceZ who wrote (16116)	1/16/2004 1:28:59 PM
From: Tradelite	Respond to of 306849

Of course I've seen them bring checkbooks to closing....during the mid-1990s....about the time the market turned around and started going up again. If only they'd waited it out for a while.....too bad (but great for my buyers who took the houses from them). People who buy houses need to plan to stay in them for a while. We'll always see those who get caught up short by job loss, job transfer, divorce or other unforeseen events. That's life, and can happen whether real estate has been on an upward tear for a while or not. And it doesn't even matter how big a down payment they made in the beginning, either--those folks can be hurt just as bad as those with little equity. Real estate is probably always going to be life's lousiest short-term investment, unless one is a savvy speculator who knows what to buy and how and when to get rid of it quickly.