Houses are not where they need to be in price yet. People are buying and banks aren’t releasing inventory.
I have looked at a few places and they all seemed fishy. I’m going to look here and there but something has to give, this doesn’t make sense right now.
When I pencil out rent/own numbers I don’t see anything that really pencils out that isn’t a beat up pile of crap. If it does, it has offers on it before it is even listed, or mysteriously vanishes 2 days after it is listed.
Maybe this is the way it will be though, banks will hold out, sucking on the govt’s tit until wages catch up to current price levels. Kind of hard to do though with employment being the thorn that it has been lately.
