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

To: Les H who wrote (18212)	3/6/2004 5:26:33 PM
From: MulhollandDrive	Respond to of 306849

from the sfgate article you posted.....the goldie's refinanced 3 or 4 times (they don't know exactly how many times??) since 2002....perhaps AG is right after all about the ARM... (love the part where they say the "don't plan to move any time soon, until their 8 month old graduates college...wonder how many times they will refinance <g>) sfgate.com Still, some homeowners' experiences suggest that prices may be stagnating, in line with the federal agency's results. Financial adviser Dan Goldie purchased his Palo Alto home for about $1.1 million in April 2002. Since then, he and his wife, Karole, have refinanced three or four times. "We were able to get the house appraised at the purchase price, but no higher," said Goldie, 40. "It definitely hasn't increased in value." At the same time, Goldie noted that he doesn't plan on selling the house anytime soon -- until his 8-month-old graduates from college, in fact. In that case, short-term price stagnation doesn't concern him. "Only time will tell," Goldie said. Prices "may not always go up, but over a long, long period of time, I think they will."

To: Les H who wrote (18212)	3/6/2004 6:24:15 PM
From: Lizzie Tudor	Respond to of 306849

the market isn't that hot here, especially for expensive homes. And rentals have crashed. Remember we have really high unemployment though.