The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (168728)	12/3/2008 3:12:16 PM
From: Think4Yourself	Read Replies (2) of 306849

I agree. It is still too early for the real bargains. This is just more excess money that needs to be squeezed out of the system (and their bank accounts). When was the last homebuilder bankruptcy? When the people buying now run out of money the real deals will start showing up. Maybe in 2010 when the next large wave of ARM defaults starts up? Someone asked me the other day if now was a good time to buy. Told them I wasn't sure but next spring would probably be the last good time to sell for awhile. Save 2% on a loan over 30 years but lose 10% in principal? Sounds like a plan!

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