On 29 Jul 2003 08:40:59 -0700, (Shorty
Blackwell) posted in misc.invest.real-estate:

wrote in message . ..

Also its no guarantee
houses will go up in value; they can go down in value.

Not if you care for them, and if the neighborhood is sound...right?

All neighborhoods go in cycles. What's a slum today was once an
exclusive address, and what's an upper-class neighborhood today was
once woods.

If you buy the woods a few years before building boom starts you're a
hero. If you buy a townhouse in what's about to become a burst bubble
you're an also-ran.