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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (30549)	5/21/2005 1:21:53 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

When was the last time that you sold perfectly a "TOP". In bubbles and manias no one can pinpoint a top as the whole process is irrational and only a rational person can identify a bubble or mania

To: Crimson Ghost who wrote (30549)	5/21/2005 1:48:02 PM
From: Tommaso	Read Replies (2) \| Respond to of 116555

There are also some of us who just like where we live. I seldom think of my house as a financial asset--though every so often I think of how I could never afford to buy it now. It might be a good idea to take out a fifteen-year mortgage and put the money into T-Bills, but I just don't like giving anyone any kind of control over me. But anyone who has no emotional attachement to a house that has increased hugely in value, and especially anyone who lives in one of the more bubblefied areas, would be well advised at this point to sell and rent an apartment. Just keep the profit in T-Bills and use the interest to pay or to help pay the rent--and wait for prices to drop if you want to own again. I am renting an office right now and feel great pleasure in having no responsibility for any maintenance or taxes or insurance or utility bills. I write two checks a year and that's all I have to do. It's actually cheaper than what some people pay to store an automobile or for a parking space in some cities.