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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (28669)	1/28/2008 5:18:10 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 219358

Thanks for the info. I'd like to see steeper declines yet before considering buying. When rents and house prices return more than QUALCOMM, I'll get interested. When Helicopter Ben offers me $100 million at 0.5% for 20 years, I'll take it and buy a whole lot of houses in California to rent out to the existing "owners" who might as well stay living in them and look after them for me. They could sublet rooms to help pay their rent. That way people won't have to incur the transaction costs of selling and moving, disrupting their lives and children. I expect that rents will go down as people get rid of their house and share accommodation with others. When everyone is getting rich on house price escalation, they can own one each and live in a highly inefficient way. When the squeeze is on, people have to fit their expenses to their incomes. They will save on housing, which is one of the biggest expenses for most people. The way to save is to share. That means lots of empty houses as there are umpty million empty bedrooms. Mqurice