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**XYTommy** · 01-05-2006, 10:31 PM

Glad you feel better. With many markets increasing at over 20%/year over the past several years, this is not only a slowdown, it's a tremendous slowdown. In Southern California prices had been increasing at over 20%/year since Bush took office. Now they're all expected to decline. That's quite a change.

My sky isn't falling, because I wasn't foolish enough to buy into real estate at the height of the bubble. So now I feel better as well, because I won't go bankrupt from the real estate speculation I didn't partake in.

Great Logic! A reduction in the amount of increase is a collapse!

I bought into the Denver market in the early 90s. Watched my money triple in value. We moved down South and are seeing the same thing here. Quadrupled our money in only 14 years. I certainly don't intend to bail on the real estate market. Now all the boomers are retiring and want to get out of the hustle and bustle of the cities. Another good California earthquake like the Northridge one, and we go on another rocket ride.

I'm sorry, but I have very little compassion for the land of fruits and nuts.

01-05-2006, 10:31 PM	#19
XYTommy Join Date Oct 2005 Posts 414 Senior Member	Glad you feel better. With many markets increasing at over 20%/year over the past several years, this is not only a slowdown, it's a tremendous slowdown. In Southern California prices had been increasing at over 20%/year since Bush took office. Now they're all expected to decline. That's quite a change. My sky isn't falling, because I wasn't foolish enough to buy into real estate at the height of the bubble. So now I feel better as well, because I won't go bankrupt from the real estate speculation I didn't partake in. Great Logic! A reduction in the amount of increase is a collapse! I bought into the Denver market in the early 90s. Watched my money triple in value. We moved down South and are seeing the same thing here. Quadrupled our money in only 14 years. I certainly don't intend to bail on the real estate market. Now all the boomers are retiring and want to get out of the hustle and bustle of the cities. Another good California earthquake like the Northridge one, and we go on another rocket ride. I'm sorry, but I have very little compassion for the land of fruits and nuts.
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