Quote:
Originally Posted by jerrylundergard
I agree man. Median home price here is still 2x what it was in 2000. There is alot of room for these prices to fall. On top of that, inventorys are over 3 yrs. Florida is FUBARd much worse than many other regions.
Investors and bankers are wise to stay out at this point.
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See that all depends. Would you not by a fantastic set of land with a bunch of new houses seaside in Florida for say 2 million dollars if you live in Switzerland and your wealth has almost doubled leaving you with 2 million to throw at whatever you want. In that case buying and even credit financing seems a great option at the current rates considering every day the dollar will fall more for quite some time.
Wouldn't you say in that case buying a bunch of houses in a nice spot seems fairly good investment to make considering you know things will rebound in 2,5,10 years with the amount of money being pumped into the markets and rate cuts left and right. A lot of clever bankers are popping bottles today celebrating their new real estate wealth, too and not only bankers from Switzerland. I am sure.