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To: j_b who wrote (13298)	8/4/1998 11:33:00 AM
From: CDMQ	Respond to of 152472

All, Guess who is number one in San Diego. uniontrib.com

To: j_b who wrote (13298)	8/4/1998 11:44:00 AM
From: Gregg Powers	Read Replies (1) \| Respond to of 152472

j_b I agree that real estate is a better economic example...however, the car metaphor benefits from the fact that everyone knows the MSRP of a Lexus while housing prices/values are more amorphous (and that weakens the example). Best regards, Gregg

To: j_b who wrote (13298)	8/4/1998 11:45:00 AM
From: marginmike	Respond to of 152472

J.b. If you bought property in the hight of 1980's in NYC and sold today Im sorry to say you would have apreciated substantially your investement. Also you had somewhere to live. I have this dilema, I want to buy an apartement in NYC but refuse to buy at current levels. If I wait I still must pay very high rent, get no tax deduction, and risk interest rates going higher. A home is not an investement, its a place to live. If you dont buy, you must rent. If mortgage minus taxes is around rent(in my case its more) it doesnt matter what you pay. Though you may loose 100,000's in value over next 5-10 years you will have saved substantially by paying into your Mortgage. Though this might not equal your loss, you had a nice place to call your own. On the other hand if you wait out next downturn, at the next frenzy you will do well and have money put away in your mortgage. Of course now you will have to pay a premium for your next dwelling.