[quote=Rt.66]So let’s verify it with 2 more Questions:

1) Do you believe the “Green Shoots” PR and think we are at the end of a recession and NOT in the eye of a depression storm?

2) If so, then why do you believe this is just another run-of-the-mill recession and RE cycle?
[/quote]

I’m actually pretty bearish on the overall economy. I think it’s way to early to be talking about green shoots.

That said – if you are buying a house with a good financial plan – it pencils out as affordable compared to rent, you have financial reserves, you have plans for what happens if your income goes away… then why worry whether this is the eye of the storm or not.

If this is the GD2 – and we ALL lose our jobs, then what does it matter if you rent or own… you’ll still be in the soup line and living in a box when it’s all over. If you rent – your landlord might be in the next box over or behind you in the soup line.