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i agree with you steven, and i think it's for the same reason.
You buy a house (condo, whatever) to live in, and that should be your main motivation. A house isn't a speculative investment like stocks, options, or futures. If you live in your house for the long term, it doesn't even matter what market you buy in because it will inevitably appreciate in value. Don't treat a house like a stock because it isn't one. If you buy the house with the greatest chance of appreciation but hate almost everything else about it what the hell good is that for you? Sure you can just sell it, but that's not the point of buying a home.
If you want to speculate in real estate buy stock in a REIT.
| quote: | Originally posted by Fibonacci
Wait a few months until the bubble actually bursts. You'll have lower housing prices as well as lower interest rates. Most of the subprime lenders will be gone, and the remaining lenders will be less likely to cater to the subprime market. At that same time, there will be a flood of houses on the market (from people selling who defaulted on their mortgages), and higher financial standards = more houses for sale than people buying = lower prices to try to get them to sell. |
So the so-called bubble is going to burst in a few months? People make insane amounts of money forecasting these things for commercial and investment banks. You should get in on that action.
Last edited by jerZ07002 on Sep-24-2007 at 05:51
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... Its called the KKK. BWHAHAHAHAHAHAHAHAHAAHAHAHAA 
