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

To: manny_velasco who wrote (33134)6/11/2005 11:18:43 AM
From: X Y ZebraRead Replies (2) | Respond to of 306849
 
XYZ: IT IS NOT THE FRIGGING NASDAQ and real estate will NOT evaporate into oblivion (in terms of value) as hundreds of thousand of shares of dot.bomb companies did......

MANNY: thanks for posting that ...now i have something to pin up on my wall to remember that you said it. btw go back and look at the early 1980's what happen to real estate market from the late 1970's...duh

LOL !!!

and thanks for posting THAT !

where is the 1970 real estate?

well, as a matter of fact it is still there and quite valuable...

as to the dot bombs ??

where are they ?

wall paper ?

ROFLMAO

DUH ! x 10000000000000000000000000000000000000000000



To: manny_velasco who wrote (33134)6/11/2005 11:39:55 AM
From: 10K a dayRespond to of 306849
 
yes. i bought a house in nov 96 at 63 percent of what it sold in 1991. I don't feel really smart because i sold in may 2003.
In fact, i feel pretty stupid. It was a distress sale as the guy had 2 houses and was trying to dump it after carrying it for 5 years.

Anyway. I can't help but think IF I WAS HIM. With some kind of Interest only loan. It would have been pretty painful. And I don't know if I COULD have pulled MYSELF out of that situation....


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