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[VAN DELL JORDAN <vdjor AT yahoo.com>]

Bev,
I think the bubble mainly applies to people buying or
selling houses now.
I think this is not a good time to buy a house at all,
If the bubble does burst housing prices are likely to
go down.
For someone who has a house to sell it might be a good
idea to get it sold before things go down.  I lucked
out because I needed to sell houses last winter and I
think I caught the top of the market.
As for as having to sell at some point I think you can
only hope that if that happens it will be in a good
sellers market.
The only way a housing bubble should matter to someone
who is planning to stay put would be if you are in the
middle of a "hot" market that might make you want to
sell but only if you have less expensive property to
buy.
Van Dell

--- SISU! <erthnsky AT bellsouth.net> wrote:

>   -------I spoke with my daughter n law today and
> she
> > said we need to be prepared for our bubble to
> start bursting before
> > long.  I
> > 
> 
> For those of us who have no intention of selling or
> refinancing, but who
> still have mortgages(fixed rate), exactly how does
> this impact us?  My
> taxes are calculated under a conservation covenant
> and are no longer
> appraisal based.  It is a 10 year renewable
> covenant, and the house and
> property will be paid off in 11 years.  I have no
> desire or intention to
> move, but in the event something happens and I do
> have to put the house
> up for sale(death, divorce, whatever) how will the
> whole bubble bursting
> thing affect me?  How do I prepare?
> 
> Bev
> 
> -- 
> erthnsky AT bellsouth.net        BevanRon of EarthNSky Farm      NW
> Georgia USDA Zone 7
> 34.498N       85.076W
> 
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