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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (71210)	2/1/2007 9:24:40 PM
From: Oblivious	Read Replies (2) \| Respond to of 306849

What country do you live in? Housing has already hits it's low. So have the stocks last July.

To: Think4Yourself who wrote (71210)	2/1/2007 10:06:04 PM
From: SouthFloridaGuy	Read Replies (4) \| Respond to of 306849

The difference between a "bull market" correction and a bear market correction is the extent of undervaluation witnessed. You don't get pervasive undervaluation in economically strong, land constricted areas where housing bubbles have manifested for the most part. You tell me the right course of action: Do I rent a house for $5,000 month or do I throw in a bid at $1.1mm (ask is $1.3mm and formerly $1.5mm+ at the peak)? As far as I am concerned, it's not a great deal at $1mm, but it's better than $1.3mm or $1.5mm and it's better than renting at that price. Or should I live on the street? Or live in a 1 bedroom apartment and wait for the "crash?". The truth of the matter is that if you can buy a house at a fair value price, AND GET A FIXED RATE LOAN AT THESE RATES, you should do it, no questions asked because the government has a PhD in inflating.