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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (102738)4/18/2009 5:29:13 AM
From: Skeeter Bug  Respond to of 110194
 
COBOL, it depends a lot on the area. i see housing in san diego dropping another 25-50% - so i wouldn't particularly rush out to buy right now.

i think the stock market is the new bubble du jour (relative to earnings, the current market is in bubble territory).

the banks are done with illiquid assets for a while.

ps - i think the stock market game is down for a while, though.



To: clochard who wrote (102738)4/18/2009 9:22:15 AM
From: Rarebird1 Recommendation  Read Replies (3) | Respond to of 110194
 
<<I think now is the right time to buy real estate at bargain prices if you can (and don't own enough already), before inflation picks up and drives prices back up.>>

Mortgage Rates will rise as inflation picks up. That will ultimately drive housing prices lower, as the consumer will not be able to afford the mortgage.

The ideal time to buy real estate is when rates have peaked.


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