Replies to post #3001 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

I bought that house at the top in '89 (great timing!), and had to wait until 2001 to sell it for breakeven!

We bought in NJ in March of 2001, the bottom during the Gulf war, and by closing time 2 months later, seller only had 4 letter expletives to describe how he felt about sales price and about me after I made him do 2 or 3 repairs.

[UBGreen]

I understand you had a local housing bubble in So. Calif. in 89. Now, if you would, explain to us what caused the bubble and what happened to end the bubble. Did you try/need to sell in 89? Furthermore " the housing crash of '89" in your location, had basically no effect on Condos in NYC, homes in Fla. or anywhere else in the USA. Like I already said, Real Estate is local in nature. Your bubble was a local bubble.

Bernie