Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: shades who wrote (47429)	1/19/2006 12:42:21 PM
From: John Vosilla	Respond to of 306849

"Current market conditions are causing jitters among recent buyers such as Kim Nielsen. She and her husband, Brad, made a killing on their starter home in Monrovia, which they sold last spring for nearly double the $320,000 they had paid two years before. But because they still needed a place to live, the Nielsens turned around and staked most of their gain on a down payment for their next house. "We figured we would buy on the high side and sell on the high side," said Nielsen, who manages a restaurant in Pasadena. The couple have become aware that their new home, which they bought for about $750,000, is unlikely to increase in value at the same rate as their first house. "We don't feel totally anxious but there's always a little bit of that … especially if something happens like losing a job," Nielsen said. "But we're trying not to lose sleep over it." latimes.com