Re: OT--Ping: To all who keep warning me of a housing bust in Naples

Chuck,
There are many people who do make money by selling their primary residence
and moving to a less expensive area.

I know people who lived in bungalows on the west coast, and then purchased
mansions when they left. If someone lived in Naples, and then retired
elsewhere, they could downsize and make a very tidy profit living purchasing
a home in most other areas of the US.

--

Starbuck

-- Sacha Guitry - The little I know, I owe to my ignorance.


<chuckgould.chuck@xxxxxxxxx> wrote in message
news:1127099940.409706.163770@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>
> NOYB wrote:
>> "Starbuck" <coffee,grinder@xxxxxxxxxxxx> wrote in message
>> news:ZIOdnUExCJlLNrDeRVn-hQ@xxxxxxxxxxxxxx
>> > NYOB,
>> > Harry and Kevin are the only ones who are upset that you have done so
>> > well
>> > with the housing market. They are jealous.
>> >
>>
>> Actually, it really seems to bother DSK the most. He has sent the most
>> doomsday warnings my way...but he is followed closely by Gould.
>
>
> DSK doesn't have to work hard to beat my number of warnings; I sent you
> one.
>
> Get thou to Amazon.com and purchase a book: Extraordinary Popular
> Delusions and the Madness of Crowds.
>
> Then sing along:
> All Around the Hurricane Zone
> Where wages are in trouble
> The housing prices rise and rise
> 'Til "pop" goes the bubble.
>
> You know, NOYB, at one time I was under the impression you had a couple
> of bucks or so. People with money don't launch a thread to to announce
> "look how well I'm doing financially." Besides, how many houses do you
> own in Naples. One?
> Que lastima, Doc. That's not an investment- (unless you decide to go
> pitch a tent down on the beach and rent it out). If you sell it for
> $99999999999999.00, you'll surely have to spend at least as much to buy
> another. You're no richer, and no poorer than if your house were worth
> $29,000.....you still need a place to live. Until you don't need a
> place to live, you can't extract a dime.
>


.

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