jp, if the prices of your place fall to rent nuetral, would you buy one? Would you worry about current macroeconomic conditions, unemployment, foreclosure rates, or would you just decide it’s now the same out of pocket, what the hell.
I think that is who the buyers are and will be, a lot of areas in S.D. and outside of it have reached those fundamentals, in some places it is cheaper to buy than rent. I wonder how many times in history it was cheaper to buy than rent and how long it stayed that way.