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To: RobRoy

Sorry, it was poster 100-Fold_Return who was having a hard time grasping that a house has value. He was contending that the value of a house was a myth unless you actually sold it and that in owning a home all you had was a liability.


186 posted on 01/03/2007 8:19:09 AM PST by Always Right
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To: Always Right

Thanks. Honestly, I was mainly just joking around with my original posts.

I think you are one of the people that is quite aware that I have said that in April I will either say "I told you so" or I will catch and eat a crow. In the meantime, It's just something to follow.

I will say this: Whenever I come across someone who currently rents that is thinking of buying a house I vehemently recommend to them to wait. There are times when renting makes sense and times when buying makes sense. Never have so many tea leaves pointed to renting as they do now - at least not in my lifetime. That is simply because never have we had such a huge runnup.


188 posted on 01/03/2007 8:32:09 AM PST by RobRoy
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