On Sat, 10 Jul 2004 05:19:06 -0400, victor
wrote:

3. "It's one of the few things you buy that appreciate in value."
Assuming that you find someone who is willing to pay your inflated
selling price. Assuming that the neighborhood doesn't go down the
tubes. Assuming that the new house you buy will end costing as much as
you think it's going to (not!). Too many assumptions.

That is where I disagree with you. There are not too many
assumptions. History has shown us the appreciation of real estate and
with a little bit of thinking about where/what you buy, you are too
quick to dismiss the single largest investment asset that most people
will ever own.