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: 10K a day who wrote (86076)	8/19/2007 8:37:55 AM
From: Tradelite	Read Replies (3) \| Respond to of 306849

I can understand how people can get upside down by hundreds of thousands. I've seen that happen. That's what real estate markets do and have done, even during the years I've owned my own home. What I don't understand is why they didn't listen to history and the table-pounders who were telling them this happens, and they should prepare by fixing their monthly payments for a long-term period of ownership, or get a decent ARM that will serve them well without tremendous shocks during the period they MIGHT stay in the same home. Interest rates and market conditions do not stay the same. Long term, house prices go up. But we might not live long enough or be able to stay in the same location long enough to enjoy that fact.