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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: D. Long who wrote (110041)	4/18/2005 5:23:09 PM
From: DMaA	Read Replies (1) \| Respond to of 793771

There's so little connection between what our parents payed for things and what we do, you may as well not even call them $s. My parents payed 15,000 zlotes for their first house.

To: D. Long who wrote (110041)	4/18/2005 5:35:12 PM
From: TimF	Read Replies (1) \| Respond to of 793771

I see a price tag of a quarter mill and catch my breath. I have a 20+ year old townhouse that isn't all that big and I probably could get over $300k for it now, and I'm in one of the less expensive parts of my county. There are other markets where housing is even more expensive. Tim

To: D. Long who wrote (110041)	4/18/2005 5:39:37 PM
From: LindyBill	Read Replies (1) \| Respond to of 793771

But if housing prices hold, or even deflate a bit, I'd be happy. When you get out of law school, make so much money that the present prices seem small. Hey, who do you think is buying those "McMansions?" When I sold custom cabinets in West LA, all my customers were lawyers. If you stay in the area where you are now, you will be getting a lot more for your money than those on the coasts.

To: D. Long who wrote (110041)	4/18/2005 5:45:07 PM
From: Ilaine	Read Replies (1) \| Respond to of 793771

We paid a quarter of a million for our house 6 years ago and now it's worth almost three quarters. Makes no sense, of course, but I am glad I didn't listen to the kibitzers on SI who told me to wait until the housing market crashed. We aren't selling for at least 20 years so I don't care what happens in the short run. I don't think interest rates are ever going to get any lower in our lifetimes, so now is a good time to buy. The tax break on the interest deduction more than makes it worthwhile. JMHO.