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

To: XoFruitCake who wrote (63487)	10/8/2006 4:40:41 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<you are implying that RE property value will go up over a period of time. And I think you really need to examine this prediction.>> And I really think you need to examine your apparent opinion that real estate property value will decline or stay the same over time. How much time are you building into your point of view?

To: XoFruitCake who wrote (63487)	10/8/2006 10:32:18 AM
From: Dale Baker	Read Replies (1) \| Respond to of 306849

If you have a 10-20 year time horizon, Washington is a pretty good bet even at these prices. Everyone I know who bought in the mid-90's did well; I know others who bought in the late 80's and sold up to ten years later and only broke even. But over a 3-5 year time horizon like most renters contemplate, the risk to the downside is equal or greater than the upside, coming off the bubble here. It is certainly not something you would want to undertake if negative cash flow or just being underwater in your house causes financial pressure.