Viper Alley - Dodge Viper Forum - View Single Post - Housing Market to Bush what Stock Market was to Clinton

CarolinaGTS · October 17th, 2007, 06:36 PM

I have the hardest time trying to explain this market to my clients in Real Estate. Most of us homeowners remember that it was only until about 7 years ago that the common saying was that you had to stay in your home 5 years, just to break even. And yes, that had almost always been consistent.
Now, I have clients in these "down" times, that are still making over 100% appreciation over when they bought 5 years ago, and they're freaking out because it's no longer 150%. The ones that are hurting are those who bought in peak time about a year and a half ago. They HAVE truly lost money. That sucks for them, but that's the danger we play with in any investment.

October 17th, 2007, 06:36 PM	#4
CarolinaGTS I feel the need for speed CarolinaGTS is offline Join Date: Sep 2007 Location: Coastal North Carolina Posts: 102 Rep Power: 2	I have the hardest time trying to explain this market to my clients in Real Estate. Most of us homeowners remember that it was only until about 7 years ago that the common saying was that you had to stay in your home 5 years, just to break even. And yes, that had almost always been consistent. Now, I have clients in these "down" times, that are still making over 100% appreciation over when they bought 5 years ago, and they're freaking out because it's no longer 150%. The ones that are hurting are those who bought in peak time about a year and a half ago. They HAVE truly lost money. That sucks for them, but that's the danger we play with in any investment. __________________ '99 Silver GTS..Connolly Leather..K&N..smooth tubes..B&M Short Shifter..Roller Rockers..Aluminum flywheel..Baer Racing Brakes with 2 piece rotors..3.55 Gears..urethane suspension bushings..And many more mods to come....