Legit bottom forming in housing
http://www.zerohedge.com/contributed...chases-rentals
If you are at a point in your life where you want a home, can afford it and you are not dependent on the asset appreciating in price - lock in a fixed rate and go for it.
Especially now that it is clear that the printing presses are perpetually on - this is a good entry point for a lot of areas in the USA.
"Like an army falling, one by one by one" - Linkin Park
"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Government is not the solution to our problem; government is the problem." - Ronald Reagan
"The only thing we have to fear is fear itself, and we must reject those who spread fear." - B4L update of FDR
"The Ministry of Truth can turn on a dime, and the fury of the ignorant masses can be redirected at will." - B4L
"Marxists become Fascists the minute they become rich, yet they retain the Marxist rhetoric." - B4L
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Thing is, the world is full of a**holes." - ACPTulsa
Twitter: B4Liberty@USAB4L
That first post was indicating that the trend was EMERGING. Im now stating that the trend is solid.
Figured there would be people in the forums who want to buy a house but aren't sure. RESIDENTIAL housing has some stability to it (as much as it can have under these circumstances).
"Like an army falling, one by one by one" - Linkin Park
Are you a realtor or a loan officer?Originally Posted by Seraphim
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
—Charles Mackay
These interest rates are propping up values big time still. I'm probably going to buy a home soon anyway, but I realize over the time I own it the value will probably drop like crazy when interest rates start to come up. It's a trade off though, at least I'll be getting money for dirt cheap.
"No matter how noble you try to make it, your good intentions will not compensate for the mistakes that people make; that want to run our lives and run the economy, and reject the principles of private property and making up our own decisions for ourselves." - Ron Paul
I don't think so. A $200K house today will prob sell for ~$50K in 5yrs. I'll wait.
Yep, the bottom was last year. It's going up now.
"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Government is not the solution to our problem; government is the problem." - Ronald Reagan
"The only thing we have to fear is fear itself, and we must reject those who spread fear." - B4L update of FDR
"The Ministry of Truth can turn on a dime, and the fury of the ignorant masses can be redirected at will." - B4L
"Marxists become Fascists the minute they become rich, yet they retain the Marxist rhetoric." - B4L
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Thing is, the world is full of a**holes." - ACPTulsa
Twitter: B4Liberty@USAB4L
Part of me hopes this is the case, since I am looking to enter the market in the near future.
"If you study science deep enough and long enough, it will force you to believe in God." ~Lord Kelvin
I don't see any evidence that the bottom is here yet. Anyone care to state the case for that?
"If you study science deep enough and long enough, it will force you to believe in God." ~Lord Kelvin
Do you really think housing prices are going to go up as the US finally realizes it's bankruptcy and the monetary system falls apart? I didn't think so. The reality is NO ONE knows what's really going to happen. Everyone's just guessing. Even the best of them are.
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