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

To: Tradelite who wrote (67438)	11/28/2006 6:19:15 PM
From: Think4Yourself	Respond to of 306849

Maybe my post wasn't clear? I said the only way to even have a chance at winning was to live in the house. I also said that you could win if housing prices shot up in a short time frame. It appears you feel you have disputed my post but I see nothing in your response other than an example of how one can win by being lucky enough to own and live in their house during a rapidly rising market. Take those two factors away and you are a flipper... in trouble. What could you have done with all that cash tied up in your house for the past 30 years? What happens to $x compounded at 6% for 30 years? Folks never bother to factor in the rather massive opportunity cost. I bet you also paid at least the price of the house in interest payments, maybe twice the price of the house. Folks never factor that into their thinking either. You also didn't have the freedom to move that renting provides. A home is a lousy investment unless you like it and want to live in that area. The people getting into investment homes today are fools who think past performance is indicative of future results.