What was your understanding of the nature of the real estate market when you bought? Most of the people I interact with recognized by 2004-5 that the growth of home value wasn't occurring at a natural rate and, in fact, referred to the overall phenomena by the term "bubble".
Did you recognize the jargon at that time and what did it mean to you if you did? Had you ever had occasion to pay close attention to previous "bubbles" and how they play out - especially bubbles in real estate on other places (ex.Japan)?
Your actions are all reasonable when looked at within a time frame focused immediately around the the point of purchase; but within the context of a market that was appreciating at an astoundingly abnormal rate they (your actions) might lead to a review of how much emotion (the desire to buy) is guiding your decision making on such an important issue.
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
