My mind keeps flip flopping… while yesterday I was thinking flatness or even some sort of perhaps rally or only small declines in the nicer areas, now I am not so sure.
My mind has stayed fairly constant on further downwards movements.. with periodic “AW CRAP” feelings as I glance ‘over the edge of the precipice’. I think we may have a mini-rally in RE beginning 2009 (also depending who wins the election) with a serious slide starting end 2009 or starting 2010.
I think the more I think about it, the more I am not sure of anything except that this will run longer then I was initially thinking/hoping for the nicer neighborhoods.
I am of the same opinion. In addition, all of the feds movements seem to be delaying the day of reckoning.. while potentially making the actual day of reckoning far worse. I am hoping to find a way to protect my cash assets (and make them grow) during this period. The Fed’s movements have made it hard to predict what is going to happen. If I plan/guess right, I may be able to purchase with cash and have a real nice nest egg to boot.
I was so hoping to have bought a house by now.. but I am not going to commit financial suicide to pick up an albatross.
