From: "MTW" 
Newsgroups: misc.invest.financial-plan
Subject: Re: conservative home buying
Date: 19 May 2005 22:50:06 GMT
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	/Uh0QYH4+JTqNGuzRUneb+1eHBtsRLs8O6dJAkpJzFkk+FF7o5vEfQ==
	=MT3b

beliavsky@aol.com wrote:

> Can
> anyone speculate on what kinds of residential properties are
> more likely to hold their value if house prices do fall? Some
> people I have read are especially bearish on luxury
> condominiums.

I'm one of those old farts who believes that housing decisions 
should be based more on lifestyle considerations than investment 
objectives. Still, that said, one doesn't want to throw money 
down a hole. I've owned two condos and can thus testify with 
experience that you are very lucky if you can simply get your 
money back out of them. (I did in one case, the other was a 
significant loss.) Still, I'm not shedding any big tears because 
the condo decisions fit my lifestyle at the time.

MTW