Carl leason

Housing Market in Desperation

The "bottom" of the housing price decline will come when rentals are more expensive than buying.
Three to four years you couldn't find a tenant because of lower prices and just plain speculation, but now people are not buying because it's less expensive to rent ! Check it out,..Do the math !
Part of the problem is that in places like Fl R.E. taxes have skyrocketed and so has insurance, but in other states , GA, SC, etc. prices are much lower and sales have not declined as much. R.E. sales depends on the state and the area . Check out a condo in NYC ! Unless you have really big bucks, renting is the only option.
LC