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Thread: weekend commentary - 39 steps for real estate

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    Banned Melonie's Avatar
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    Default weekend commentary - 39 steps for real estate

    for anybody considering that now might be a good time to pick up real estate 'bargains' ...






    As you can see, we're only on the third step at the moment ...

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    God/dess Emily's Avatar
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    Default Re: weekend commentary - 39 steps for real estate

    wow, if I wait four more years, I can get a house once worth $470,000 for a mere $70,000


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    Default Re: weekend commentary - 39 steps for real estate

    ^^^ probably so ... IF you have $70,000 available in cash !

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    Default Re: weekend commentary - 39 steps for real estate

    The only thing left in the world that takes 4 years is the olympics. There is too much cash in the world for prices to ever dip that low.

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    Default Re: weekend commentary - 39 steps for real estate

    don't be too sure. Deflation certainly ravaged a good part of the world in the early 1930's. Of course, today's trend seems to be inflation instead, where the house still sells for $400k, but the dollars used to buy it are only worth 1/5th as much and property taxes / insurance / utility bills etc. are five times as high !

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