Of course he’ll do fine in the long run. But that’s not what this forum is about. I joined this group so I could talk about home prices from the perspective of someone who is waiting to buy my personal residence, NOT as an ivestment. If you can make a purchase pencil out as a rental/investment go right ahead. I have been a landlord before, and have absolutely no interest in being one again, especially if in the current environment a CD will yield just as much.

I gaurantee that the home I’m interested in buying for myself will not pencil out as a rental right now. In this light, Schiller’s comments are aimed right at me and others like me.