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To: Greater Fool who wrote (52247)	4/22/1999 1:57:00 PM
From: 16yearcycle	Respond to of 164684

Right. It is the voice of reason. The rest of that story may well refer to high stock prices, but folks can lose at least as much on their homes....and continue to have to pay for a declining asset.

To: Greater Fool who wrote (52247)	4/22/1999 2:02:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164684

Fool (or anyone), keep me posted on this real estate issue. I don't own a house in the bay area and can't find one either. You guys that already have houses don't know how bad it is... there is no way to win, no matter how much money you have. For example I am looking for a small house. But small houses are going for $100-$200K over asking price. Well, if I'm going to have to pay that, I'm in another bracket. Plus there is nothing on the market at all. I'm trying to get a feel if it is that way everywhere, HJ says Seattle is just as bad (thats hard to believe because they aren't really land-locked).

To: Greater Fool who wrote (52247)	4/22/1999 2:21:00 PM
From: Foo Bar	Respond to of 164684

Well, investing in real estate has its own problems. you can't own a bunch of them to deversify; when the value goes down you can't buy more to lower your cost; you have to make monthly mortgage. According to my calculation, you basically live in a free house. The capital gain pays off all the mortgage interest, property tax and some home improvement. If one is extremely lucky and picked a house that doubled in one year, then it's a different story but I don't think that represent the general public, not even for areas like Palo Alto or Cupertino of SF Bay Area.