by WildBillHickok » Wed Aug 16, 2006 5:55 pm
Mr. Quads, i didn't mean to imply a crash happens overnight or in only 1 or 2 years...it may, probably WILL, take several years for this 'crash' to play out. i'd speculate, and i'm not far off on this, that houses have gone down around 15%+ so far (more in some areas)...like i said, just the beginning...soooo, if you bought even next year, i'm guessing they'll be down around 20-25% by then (or more) ...but still will have further to go...so RENT...in the words or Aaahnold, the Guvornator..."listen to me now and thank me later" Never say never and ...Trust Me.
The days of a house being an 'investment' are over for quite awhile. (if you're just buying it to live in and not rent...though i sure wouldn't want to buy to rent it out right now either)