Quote:
Originally posted by sammyg2
If a person in So Cal had sold his house when the bubble warnings had first started circulating, he would have missed out on at least 30% appreciation on his house, maybe as high as double that (my esitmate).
Suppose the "bubble" drops prices 20% (which I doubt), he would still be ast least 10% ahead.
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If you see 30% appreciation & a subsequent 20% depreciation then you are 4% ahead.
If you see 30% appreciation & then the market falls 30% then you would be 9% behind.
For someone who owns & has no plans on going anywhere anytime soon these cyclical moves don't really matter at all.