Calaveras Lake Topics: Hey MotorMan
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Name:   MotorMan The author of this post is registered as a member - Email Member
Subject:   Hey MotorMan
Date:   4/6/2007 11:38:49 AM

I said
"House prices always go down, for a while, when interest rates go up. The time to buy is when they are low."

I will ammend this by saying when oil prices shot up in 1973, interest rates doubled almost overnight and the biggest WI builder, Nanz went belly up from over extention.

Right then was the time to buy for a year or so. Ron could have afforded twenty lots if he took out a loan. He played it safe and bought one lot. A school went up nearby and as early as 1978 the few vacant lots near the school were going for $18,000. A potential profit of $300,000 or 1.2 million in real dollars. The DOW was around 1000 then too. 12,000 now.

Other messages in this thread:View Entire Thread
Hey HTMLman - Feb - 4/5/2007 7:42:36 PM
     Hey HTMLman - MotorMan - 4/5/2007 8:19:21 PM
          Hey HTMLman - Osms - 4/5/2007 9:34:41 PM
               Osms - au67 - 4/5/2007 9:47:06 PM
               Osms - au67 - 4/5/2007 9:48:15 PM
                    au67--Thanks - Osms - 4/5/2007 11:21:50 PM
                         comments on prices - MotorMan - 4/6/2007 6:41:11 AM
                              Sorry. dead link. - MotorMan - 4/6/2007 6:52:46 AM
                              Hey MotorMan - Feb - 4/6/2007 8:22:41 AM
                                   Feb and MotorMan - Osms - 4/6/2007 9:38:31 AM
                                        Feb and MotorMan - Feb - 4/6/2007 11:17:06 AM
                                   Hey MotorMan - MotorMan - 4/6/2007 11:10:04 AM
                                        Hey MotorMan - MotorMan - 4/6/2007 11:38:49 AM
                              comments on prices - boataholic - 4/6/2007 2:03:36 PM
                                   comments on prices - MotorMan - 4/6/2007 4:09:14 PM
          hacked another one - MotorMan - 4/13/2007 5:01:50 AM
               hacked another one - BoatsRFun - 4/13/2007 2:40:05 PM
     Feb and MotorMan - au67 - 4/5/2007 9:29:46 PM
          Feb and MotorMan - Pier Pressure - 4/5/2007 11:14:26 PM
          Feb and MotorMan - MotorMan - 4/6/2007 8:40:39 PM



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