Hope I don’t kill this thread as I am also interested in the savy opinions of others on this board. My wife and I have good incomes and good FICO’s and we also are of the opinions that even though prices have fallen quite a bit, they are still too high. Interest rates are bound to go up and when they do that will affect the bottom investors(people that don’t have 100% cash). I could not help but think when viewing the Lisa Ling video about foreclosure alley that she is probably drolling at buying a few of those houses for cash and renting them out. I also noticed that interest rates seem to be instep with unemployment.
