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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (365)	11/4/2007 7:51:41 PM
From: Maurice Winn	Respond to of 621

Our house is on the way down now [in price] but since we bought it 7 years ago and treat it as a place to live rather than an investment, if we ignore the current price people wandering up and down the street say it's worth, I don't care. We think we won't be selling for years so current prices are irrelevant. Judging by the acceleration in bankruptcies and mortgage defaults, there is still quite a long time to go [a year or three] before things smooth out. At the right price, a house in Hawaii or near San Diego would be good to own. Being migratory, like birds fleeing winter, it would be nice to have roosting places like that. Mqurice