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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (34872)	10/30/1998 4:22:00 PM
From: Ilaine	Respond to of 132070

Thanks Mike, for links to timely and well-reasoned articles. Every time I think about getting a bigger house, I sit down with a notepad, and my financial calculator, and run through the scenarios to determine whether I would come out ahead, behind, or whatever. One thing I always factor in is an assumption that the property will appreciate. But, just to be safe, I assume that it will also depreciate (need repairs) and assume that the two will cancel out, so I don't calculate appreciation nor do I calculate repairs. Could be I am just lazy. However, if real estate property values may deflate, I should factor that into at least one scenario, at least for purposes of analysis. Hmmm, if you are right, then not only will the stock market crash, and social security go broke, but we won't be able to sell our houses. You are the voice of sunshine today. CobaltBlue