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: Lizzie Tudor who wrote (63540)	10/8/2006 9:54:40 PM
From: Tradelite	Respond to of 306849

Everyone seems to be making bold predictions about this topic lately. More power to them. Glad I wasn't making any predictions and had no particular expectations when I bought my present house. It enabled me to live in it without worrying about its market value thru all the ups and downs of the market--obviously now an obsession with many folks, much like day-trading was before 2000. Lived there long enough to pay for it in full. And now I couldn't care less whether there's a bear market or bull market in housing. I have my equity, whatever that amount might happen to be at any given time. I have no landlord raising my rent because HIS costs are going up. I can afford to sell at any price the market will give me, simply because I've been in the home long enough to afford that. If I had to, I could borrow against my equity, too, but heaven forbid that. Maybe I should write a book about equity and long-term homeownership. <<GG>> And there certainly weren't any bargain-priced homes or low interest rates when I bought, either. Everyone has to start somewhere, and waiting for a golden opportunity to present itself could turn out to be a long wait.