29 May 08 11:43, Cindy Haglund wrote to Roy Witt:

 CH> 0n (27 May 08) Roy Witt wrote to Cindy Haglund...

 RW>> 27 May 08 07:27, Cindy Haglund wrote to Roy Witt:

 RW>>  TW>>>> The little 1000 Square Foot house I live in has lost
 RW>> $100,000 in  TW>>>> value

 RW>>  CH>>> so haven't the bigger ones. Everyone is losing.
It's that dam
 RW>>  CH>>> bubble of a few years ago. It's bursting.

 RW>>  RW>> The guy who bought my California home lost quite a bit.
 RW>> $122,000
 RW>>  RW>> since I sold it to him in 2006. Can you say; upside down?

 CH>>  Isn't this all the reversal of the big huge bubble in 2004 though?

 RW>> I don't think so. Property values in California have always been
 RW>> going up. I bought that house for $176k in 1994. It was built in
 RW>> 1973 and

 CH>  I do. That's what the papers are saying anyway. (Nytimes/Orlando
 CH> Sentinel/Star Telegram (Fort Worth)... on this issue.

They're saying that about DFW, maybe. My property value keeps going up
here near San Antonio. I guess it helps to have people building mansions
on the river, just a block away.

 CH> Remember up north and in CA this bubble had taken place already and
 CH> not as fast as it has in Tx and FL..

Up north? Property values where my brother and sister live have never gone
up, but stay as they've always have.

 CH> So it's as though your bubble is just , bigger than ours.

I don't think there's a bubble here. Real estate is worth a bit more than
when I bought here in 05, but it has never gone down any.

                R\%/itt



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