Guys I guess it is easier to write then it is to read. Why is it that some people don’t accept that the epicenter of the universe is not the same for all people? Never did Hammer or sdr or myself say that the market wasn’t going to drop. Why is it that some people so readily discount factors that others hold closer to the heart. It is not like Hammer didn’t straight out admit that yes this property could go down and most likely will go down. I just don’t understand the animosity that some people carry in posts when other people are thinking of decisions that are contrary to anything but trying to buy at or near the bottom. Don’t mistake this post for me saying the market is wonderful or that the value of the property will not go down. However does everyone think it will not ever go up again as well? How many of all of you out there have ever even owned beach property? I grew up in Venice and my parents had an opportunity to buy beachfront and they did. They held the home for 30 years through good and bad cycles and never had a complaint. They found a home they loved. I can honestly say that out of the homes I have had be it occupied or rentals, I never really loved them. In every case because I am not wealthy they were more practical and served a purpose for me. Someday when I have the money, if I do find the home I love I will most likely jump on it unless I find an extremely compelling reason not to. Granted this may not be for awhile because I know that home will be at or near the coast, and it will cost me, but I will most likely do the same think Hammer is considering. SDR made a point about the price of admission and this is a crucial point yet I am not sure if it was well understood. To say things like buying a home that is likely to drop in value (considerably) makes no sense indicates a clear lack of understanding of the situation. It makes no sense to some but it makes perfect sense to others because the driving reasons for the purchase differ sharply for each person.
