Considering this future that we are facing, do you think that there is some urgency to buy a house now before prices go up and inventory dwindles?[/quote]
Personally, I don’t think home prices will go up, and I certainly don’t think inventorty will dwindle further. Quite the opposite.
While there will be some stiff competition from foreigners with cash (already happening), I think home prices will be stagnant/slowly declining for many, many years. IMHO, it’s the rising price of everything else — that’s NOT credit-based — that will strip us of our purchasing power and quality of life.
