----- Original Message ----- From: "Pete Theisen" <[EMAIL PROTECTED]> To: "ProFox Email List" <[email protected]> Sent: Tuesday, December 02, 2008 7:05 PM Subject: Re: [OT] How to determine if a market has hit THE bottom.
> Nicholas Geti wrote: > >> >>> Nicholas Geti wrote: > >>>> Refer to my previous note. How do you figure the house is worth less >>>> after 30 years. > >>> http://tinyurl.com/6e74eq > >> And over that same period prices of houses rose astronomically. > > Hi Nicholas! > > I agree that the houses rose, but I wonder if they kept pace with > inflation. Seems to me that they have not. Might vary with local > conditions, though, where inflation is more national. > -- > Regards, > > Pete In my area the price of houses in the last 15 years doubled and in some cases tripled. The market was very hot. People were buying second houses for resale. Condominiums were especially volatile. Many people I know where putting down payments on condos that were just in the planning stages and a year later when they were finished, resold them at double their money. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
