How Far Will House Prices Fall? Implications From the Latest WSJ Survey [View article]
Agreed. Prices in Bay Area definitely need to fall more than half to make renting anywhere close to mortgage. Inflation is just about the only humane way to do it - sort of like killing a frog by slowing turning the heat up.
Nobody can time a bottom or a peak. Everytime I feel tempted to time the market, I remind myself how many geniuses failed at this task.
I like the sentiment idea that somebody mentioned before: when nobody wants to buy real estate because "all it does it lose money" we are near a bottom. Right now, we are still in the "there are a lot of great deals out there" stage - not quite there yet.
The Market Domino Effect: Staying Ahead of the Curve [View article]
How Far Will House Prices Fall? Implications From the Latest WSJ Survey [View article]
How Will the Housing Crisis End? [View article]
I like the sentiment idea that somebody mentioned before: when nobody wants to buy real estate because "all it does it lose money" we are near a bottom. Right now, we are still in the "there are a lot of great deals out there" stage - not quite there yet.