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 : SiliconInvestor All Stars Forum -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (1409)	9/26/2007 11:44:43 PM
From: Dale Baker	Read Replies (3) \| Respond to of 1718

Does the family plan to move soon? Can he make the current payments? Was the house bought as an investment? How long does he plan to live there? Does he need to take cash out to finance his lifestyle? For folks who bought homes just to live in and they can make the payments, the reaction to the current dip in market values should be.... So what? He missed a chance to buy the house cheaper but even most market pros who try to make a living on market timing do it badly.

To: SouthFloridaGuy who wrote (1409)	9/28/2007 5:58:46 PM
From: 8bits	Read Replies (1) \| Respond to of 1718

$700k house has fair value of $450k best case for 2008. Loss in equity = -250k. Wow... a 35% haircut.... was this in Florida...?