Originally Posted By: DaveD
For me, I'll be happy when my house is worth what I paid for it 4 years ago instead of deflating $50,000. Then I'll know the economy has turned around and I'll be able to sell it and get a house on some land. Or does that make me a communist?


No offense but don't hold your breath.

My guess is you'll be back there in about 10-14 years, or more. Unless of course appetite for mortgage debt becomes attractive again and lending guidelines are loosened back to where they were 4-5 years ago,......highly unlikely but the gov't and the banking industry do seem to have selective memory,......much like KK.

That or Ellensburg suddenly becomes the most attractive place to live and work in the state,...see my first statement.

Not sure where having the desire to sell your home and motivation to buy something a little bigger with more space fits into being a communist??? In fact, I would say that makes you a capitalist grin


Edited by StinkingWaters (04/03/10 09:07 PM)
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On a long enough timeline the survival rate for everyone drops to zero.