You said that historical apprciation on RE is 14%, I'd have to say that is very "area specific" and over a very short term. 14% means prices are doubling every 5 years, even if that's been the historical case, it can't be maintained in an economy where real incomes are falling.You've also neglected all of your other costs in the condo calculations, management, vacancy, upkeep, repairs etc.I'm not sure of your age, but with your income (5X the national average) why are you not participating in OWNERSHIP OF BUSINESSES, other than your own?

Journalist and host of NBC's "Meet the Press", Tim Russert passed away today at the age of 58 from a heart attack.He will be missed.http://www.msnbc.msn.com/id/25145431/http://www.cnn.com/2008/US/06/13/tim.russert/index.htmlhttp://thecaucus.blogs.nytimes.com/2008/06/13/russert-dies-of-apparent-heart-attack/index.html?

Another economist, sitting nearby, set fire to a signed copy of Greenspan's book, "The Age of Turbulence.""

People, the age of blame is over.

In this age of communication innovation another visage point is the question that guides economics: profitability vs. need.I was once a big social-media buff but reconsidered (though it's still a great way to connect with those separated by spatial-temporal barriers).Personal socialization is inherently different than any business enterprise because enterprise is led by a measurable outcome.Lastly, many are running the error of not adding the labor/capital spent developing this new business "arm" into their overall question of profitability.

How I see it is at our respective ages we are in different places in life.

Instead of forming households, many in this age group have stayed in or returned to their parents' homes.

The lord will heap back upon them the full weight of their overpriced properties and cast them into a sea of short sales and bankruptcy.A new age will dawn.

I am 58 and many my age have cash and income and would just as soon take the benefit of lower interest and short pay-offs to build equity.

Sorry folks but family is first, but since you all will be my "extended family" you will get your shot soon.I am one of those "old foggies" that resisted the computer ages for as long as I could but am now comming around to enjoy things.I will also speak my mind on any issue.