The Macro and Me - Where's the Upside in the Down Economy?

[pizzaboy]

Going to look at a few more houses tomorrow, up to 3 (maybe 0). You know, I've analyzed hundreds in the listings online, went to see probably over a hundred drive-bys, and been inside maybe 15 now.

Things are still mostly overpriced. The hinge point of when property values will stabilize is when the mortgage payments approach what the rental income

Comments

[mommanicki]

see? good thing you didn't end up buying a house (unless you were looking more for rental property income than to have a home). :)

[pizzaboy]

Well, I kinda was looking for the rental income, but yeah, it would have made me less flexible and would not have been good timing.