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

To: nextrade! who wrote (28088)	3/12/2005 9:22:14 AM
From: orkrious	Read Replies (4) \| Respond to of 306849

It has finally happened. One of Mrs. Ork's kids is buying a condo. When Mrs. Ork and I got married three and a half years ago, I convinced her to sell her house and move into my condo, which is smaller. I promised her when the bubble burst we'd buy a nicer house than she had. The way things have turned out, we should have kept her house and sold the condo. Her two kids were finishing up college and starting law school when we got married. They both wanted to buy condos, and Mrs. Ork was going to give them down payments, but I convinced them RE was going crazy and they would be better off waiting. The condos they were going to buy have since appreciated 40%. Now, three years later, one finished law school last May, the other finished this past December. Both are getting married this summer. The younger one doesn't even have a job yet (his wife does), but he told us last night he's put a deposit down on a condo. Mrs. Ork says I've been wrong for the last five years. Although she doesn't think the kid should buy it, there's nothing she can do. Greenspan sucks.