-------------- Original message ---------------------- From: Mitch Haley <[EMAIL PROTECTED]> > Tom Hargrave wrote: > > > If the market stays depressed, our house will sell for maybe $110K > > instead of $138K. But the same market forces will allow us to pay only > > 160K for a house that we would have paid $225K a year ago. This will > > only work to our advantage because the payments will be less even with > > less equity to roll foreward.
Most of us who live in homes for many years end up on the "Good" side of this. Those who suffer are the ones who are forced to trade property (Job relocation, etc) during a bad market swing. That happened to me in the mid 70's, hurt like heck to loose about 25% of real value. Pete _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
