11-07-2006, 05:50 PM
I think in the long term, you are right the job market will drive the housing market and it will recover.
But that doesnt change the fact that the market is down for the short term and that the BUBBLE has overvalued houses as they were and are.
I dont think this means its a huge no-no to buy a house right now, in fact it is definately a buyer's market. Personally Id like to see where the market bottoms out and catch it on the way up but thats just me. There are some who are taking advantage of the market right now.
Its just not anywhere near any talk of selling houses in 3 months or getting them for the same you pay for rent. Not even close.
But that doesnt change the fact that the market is down for the short term and that the BUBBLE has overvalued houses as they were and are.
I dont think this means its a huge no-no to buy a house right now, in fact it is definately a buyer's market. Personally Id like to see where the market bottoms out and catch it on the way up but thats just me. There are some who are taking advantage of the market right now.
Its just not anywhere near any talk of selling houses in 3 months or getting them for the same you pay for rent. Not even close.