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

To: Wyätt Gwyön who wrote (70008)	1/7/2007 4:28:36 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 306849

I don't believe I've ever said this on SI, but you are a terribly rude and appalling person and a fool to boot. MP

To: Wyätt Gwyön who wrote (70008)	1/8/2007 12:19:12 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Tradelite thinks i'm talking about million-dollar homes when i'm just using an arbitrary number for illustrative purposes. then instead of focusing on what i'm actually discussing, he focuses on the 1m figure. you could make the same point with 500K homes, 100K homes, whatever. ' Yes home values long term would be based on your income and net worth. $1M properties in Silicon Valley is perhaps equivalent to $250-500k in much of the rest of the country that is even in a bubble.. And then go to flyover country and you get three times the home for one fourth the price where there is no price bubble at all and no adjustment in real terms for the speculative run in recent years is even necessary.