http://www.bloomberg.com/apps/news?pid=20601110&sid=ac9y1xr7yNhQ
I hope housing doesn't get this bad...
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Past performance is not indicative of future results. Neither MII nor the Blog's authors guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the blog. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested.
Investments or strategies mentioned on this blog may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on the blog.
Before acting on information on the blog, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Please contact us here with any inquiries.
For additional information, please visit our website at www.miiclub.org
1 comment:
I would have to agree with the post its a great time for young people to buy a home simply because their are so many places in the country where home prices have become attractive. Thirty year fixed rate mortgage rates are now under four percent. I can remember years back when housing was king long before the housing bust. Everybody had the expection that home prices would always increase. Even myself as far as that go's almost believed in this fairy tale. And it was just that a fairy tale as long as it lasted. I don't have the data in front of me but I think their was only one or two years from 1945 to the early 2000's that national home prices declined. Their were pockets of weakness in texas during the oil bust of the 1980's but over all prices increased steadly from 1945 to about 2006. One giant bubble
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