LA Renter – I think you’re closer to the mark than anyone.
But who knows?
I do hope prices keep falling until housing is roughly in line with rents again. I certainly don’t want to rent forever.
But I will. I’ll rent until I’m in my grave before I’ll pay $300,000+ for a shack in Normal Heights or North Park.
I don’t have to buy.
But it seems that there are more and more sellers who have to sell, ASAP.
I do hope things in the overall economy start to stabilize in the next couple of years, though. Too many people aare getting hurt in this mess. It never should have been allowed to happen.
