Quote:
Originally posted by FreeNetPass Dave
Watch out for the bubble burst.
|
I agree, Dave. It's just a matter of time. Here are some facts for those who doubt if a bubble "exists"
1) record foreclosures
2) record bankruptcies
3) continued dollar erosion against the euro. One of the core reasons for increasing the Fed rate is to prevent dollar exchange erosion.
4) large corp layoffs remain steady
5) uncertainty of war and increased oil costs might undermine other sectors of the economy
6) uneven but gradual degradation of consumer confidence
The Sky is NOT falling
Just don't take out a 300K loan on a house that will be worth $200K for the next 5 years
Bottom line: If a person seeks to "flip" a home investment, now is NOT the time. If a person wants to buy a home that he/she will live in for the next TEN to 15 years, then GO FOR IT!