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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (14931)	5/12/2005 1:31:51 AM
From: Kirk ©	Respond to of 25522

You could pay $1M for a NYC condo in an old building. I've been in my place for 11 yrs and was 10 yrs in the place before that... and I remember thinking 24 years ago that I'd NEVER be able to afford to live where I am now. My payments now are less than the rent on a reasonable appartment and I live in one of the better zips in the US. It is scary to think what you can get elsewhere with all the equity, but I face the reality every time I visit elsewhere... that I'd have to live there if I moved. You only live once... I feel it is worth it to live where it is nice and I don't have to go anywhere else for a vacation. If others continue to think this way AND they continue to limit growth as they have, then I don't see the downside as being more than the usual 25%... A 25% decline has ALWAYS been the risk of buying here in the good locations. THat used to be why they made you put 20% down as it would protect the banks in most situations. Now they sell the risky loans to the foolish I think.. The outskirts can fall much more, but they start from a lower level.

To: Big Bucks who wrote (14931)	6/12/2005 4:49:29 AM
From: maceng2	Respond to of 25522

I think you made the right move in selling your house. I've got a home that technically is way outside my earnings to pay for. Though I bought it in 1996 and my earnings have reduced by about 80% since then. The property is worth at least twice what I paid for it and I have seriously considered selling it. I am hanging on to it only because I put a lot of work into it and as an inspiration to earn more to keep it. I am doing that. Otherwise I think the property market is at a top and probably will half in value in the years ahead. In CA the effects maybe worse imho. This opinion is offered without consideration of any earthquake. That just adds to the complication.