In article v5BPe.1024$mH.926@fed1read07,
mers (The Enigmatic One) wrote:

In article ,
says...

You are right, bad assumption. A bunch of undesirables
could move into your neighborhood and depress the
housing values. Or you could lose your job and be
forced to sell after the bubble bursts, and you lose
your butt on the deal. Or you picked a city like
Flint, Michigan, and all the plants in town close
down, and you cannot sell the house no matter how
cheap you offer it, and it ends up on E-bay unable
to get a minimum bid of $1500.

This has *GOT* to be a troll.

How so? The real estate people today are sounding just
like the stock market people back in 1999. I clearly
remember them saying it was a new economy, stocks can
only go up, and Worldcom is a bargain at 125. Just like
most investors lost their a** in the stock market in
2000, most real estate speculators are going to lose
their a** very soon, and many common poeple are going
to get hurt when the bubble breaks.

I would advocate that a person who pays cash for a
reasonable manufactured home is going to be far better
off in the long run than a person who takes out a no
money down variable rate loan on a $300K starter home
(which is where the market is at where I live).

-john-

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John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
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