JustMC Wrote:
Nov 29, 2012 1:25 AM
My only question: are you a complete fool, or for whom are you shilling? Real estate prices are driven by what people CAN AFFORD TO PAY at the end of the month, not the actual price. $100,000? $500,000? It doesn't matter. What matters is $1000/month versus $2000/month, or whatever. The average person can't even TELL YOU how expensive a piece of property he (thinks he) can afford, he needs someone to tell him what the monthly cost is. When rates are absurdly and artificially low, as today, prices are inflated until they crash. AND the Congress is pondering killing the mortgage deduction. AND the economy is very sick. Real estate is the dumbest thing anyone can buy right now. Hold cash and metals until real estate crashes...