I disagree. Housing has always followed a cycle…a few years up and then a few years down. Same with interest rates. Some times are better than others. And real estate is just as much of a cash machine as stocks & other investments. The key is timing…knowing when to buy, when to hold, and when to sell. I bet in 20 years three rental properties will produce more monthly income than your 401K. Things are not as bad as you make them out to be. The market has always had foreclosures and short sales and bankruptcies and people over extended on their credit. People should be cautious decision makers when it comes to housing. I think running the other way is a bit extreme. You are free to make your own choices, powayseller, and I sometimes learn something from your posts. However, your “sky is falling” attitude toward the state of the economy/housing market/stock market/people with debt/mothers that work and all other issues that you feel you must broadcast your opinion about doesn’t bring more to this forum. In my opinion it actually detracts from it. Isn’t it time to get back to what this forum is supposed to be…an online place to share facts, concerns, and ideas about the housing market. Save the alarms for a fire.
