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

To: bernard rogers who wrote (23284)	8/16/2004 4:51:37 PM
From: Tradelite	Respond to of 306849

<<One of the most important elements of my life is to live cheaply and thus be more free, and housing is perhaps the most expensive part of all our lives>> Agree. Look forward myself someday to chucking the urban life and getting into something a little, but not too much, less urban. Life tends to weigh down some of us in different ways which in turn dictate where we live, even if not still in the workforce, such as ...elderly relatives living nearby who need occasional help.......kids who still need a good-sized home to visit once in a while with their friends or spouses until they get older and firmly established on their own.......and the effects of aging on ourselves, when we might need access to good medical care and don't feel like driving miles to basic services, such as grocery stores, doctors, etc. The type of housing freedom that you have isn't always accessible to others. You are indeed fortunate and should enjoy it!

To: bernard rogers who wrote (23284)	8/16/2004 4:52:21 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

One of the most important elements of my life is to live cheaply and thus be more free, and housing is perhaps the most expensive part of all our lives in this society. bernard, can i tell you that what you have stated is the foundational truth for what i believe is a very dis-inflationary long term scenario what you are expressing is what i believe will be the core belief of the majority of boomers over the next decade... and my personal opinion is that is doesn't necessarily bode that well for RE... i remember talking with a financial planner a number of years ago about my FIL (who was about to retire) and whom i had expressed a degree of shock at his rather niggardly attitude toward material things...(because he had been such a "spendthrift" right up until that time) the planner correctly pointed out that it was human nature to relinquish "accumulation" mode and to go into "preservation" mode as one nears retirement a "gathering in" of resources an unwillingness to take on new debt.... and by that time people know (hopefully) that the things they own, end up owning them...so little by little they begin to relinquish the "things" in search of simplicity and freedom