Nicholas Geti wrote: > 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.
Hi Nicholas! So the house went up 100 percent in that one year, while inflation went up 800 percent in 15 years? http://tinyurl.com/6e74eq Such a deal for short term speculators if they picked that one year, but those who actually lived in the home for 15 years would have lost unless they sold at the very peak. Sell now and you lose big if you bought at the peak. -- Regards, Pete http://pete-theisen.com/ _______________________________________________ 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.
