Housing getting smoked.
#11
Posted 13 February 2007 - 10:48 PM
It's the illiquidity, stupid !
#12
Posted 13 February 2007 - 11:44 PM
So...how much were you UP before the current pullback?Our house is off 9.8% since Oct 2005...and still declining
Fib
You sound like you are in the business with that question? Up is always good, down is always bad in my world. Down does no one any good, especially those late to the party. Bubblicious is only good until the flavor leaves.
We own our house free and clear.
#13
Posted 14 February 2007 - 09:50 AM
So you do what we did here in California in 1978...you pass a proposition to change the way YOUR government works!Now if only my assessor will drop my real-estate tax by 10% next year I will be ecstatic. But knowing how government works it's not gonna happen.
No, just trying to give some context in all of this.You sound like you are in the business with that question?
Congratulations! So you bought your house for the intention given - to have a place of shelter and where the investment quotient is secondary - nice to have - but secondary.We own our house free and clear.
That's what a free market society is all about. There will always be those who will be late to any party and "suffer" the consequences of their actions. We've all been there...it happens. Nothing goes up forever and nothing goes down forever either. To think otherwise is foolhardy.Up is always good, down is always bad in my world. Down does no one any good, especially those late to the party.
And as far as doing any good, you only learn life lessons by the mistakes that are made in reaching a goal.
Fib
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#14
Posted 14 February 2007 - 11:59 AM
Mark S Young
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