DEAR BOB: I can't believe the high prices home sellers are receiving in my neighborhood. But I've read in the Wall Street Journal and elsewhere that we may be in a "real estate bubble" for home prices and today might be the time to sell. What is your opinion? – Richard C. DEAR RICHARD: When I bought my first property more than 38 years ago, the Realtor proudly told me home prices in the area appreciated an astronomical 3 percent in the previous year. Purchase Bob Bruss reports online. I quickly figured a 3 percent return on my cash down payment was a terrific return. That's called "leverage," meaning the owner controls the property with a small investment. Someday, I should write a whole article about leverage benefits. Recently, the National Association of Realtors reported the...
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