Scary reading

Mar 13, 2005 22:26

Twice this weekend Berkowitz made a comment about the coming bursting of "The Housing Bubble," and I had no idea what he was talking about. With interest rates so low I had always thought now was the perfect time to buy a home ( Read more... )

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mekheieh March 14 2005, 04:36:24 UTC
But...I WANT housing prices to be lower. Particularly in california...
So, what's the bad part?

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chimchim237 March 14 2005, 19:57:45 UTC
hm.
and jennifer and i are getting ready to buy a house.
what *I'VE* been thinking is that we'd better buy quickly before interest rates start going up again.

then again, if housing prices are about to go down the toilet, the market becomes a shining beacon of opportunity for people like us: we get to have more house for less money, since we're not in the refinancing game that everyone else has played in the last 10 years (nor do i think we'll ever be; i've never trusted refinancing).

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