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

To: damainman who wrote (25482)	11/29/2004 1:44:16 PM
From: Tradelite	Read Replies (4) \| Respond to of 306849

It might be that your only point of reference is younger people who are speculating to some degree in real estate, while the nation is heavily populated by older homeowners as well, who are better positioned financially and in terms of home equity and who do not speculate. I'm pretty sure that no matter how old I become, I will never lose 50 percent of the money I put into my house. Yet, I live each day knowing I can lose 50 percent or more on anything I've put into the stock market. Heck, I'm out approximately two-thirds of the money I put into Roth IRAs for both my sons in the late 1990s....it's been coming back a little, but still down huge. My sons, of course, don't know the difference, because it wasn't their money, and the accounts are now in their control. My kids are only part of the population. Mom and Dad are hanging in there just fine and have paid off the mortgage and have no debts. Someday, the kids might even inherit our home tax-free/no mortgage. So, it all depends on which part of the population we're discussing at any particular time. Just doesn't seem right to lump everyone in together when predicting a doomsday scenario.