[norton]

Don't know where you were invested; my mother's house lost nearly half its value following the rodney king festivities and there were no 'events' in a two city radius of it (Glendale). My house dropped back to 1984 level overnight. Yes, they've recovered and more than doubled since then but lost ten years of appreciation in the meantime.

[Joe Hadenuf]

Yes, they've recovered and more than doubled since then but lost ten years of appreciation in the meantime.

I don't think you quite understand. Let me tell you. One property we own was bought 10 years ago for 200K. This property is now worth 350k. Try that in the stock market, without loosing your skin. As I stated, we are in for the long haul, as we were not trying to sell. We have held onto our properties for the past 15 years and some have actually more than doubled in value. Try that in the stock market as some did, and they lost everything.

Again, we were told by some very respectable experts some years back, what was going to happen to California realestate. And they were right on the money. Sure it has a few ups and downs like everything else. But if you look at the big picture, it just goes up and up and up. Supply and demand, and they are not making anymore realestate in Southern California. It's becoming a rare commodity indeed.