Not having been here in SD in 91 or 96, what were the factors outside of low interest rates that started the buying trend? Were there any sound fundamentals – IE. job growth spikes, population spikes, etc. -or was it market perception, speculation, lax lending, etc?
Assuming you have exited the housing market and are a renter – If the market declines by 35%, and the rent vs buy values have relative parity, and alternative investments, discounted payback period are all taken into effect, what would be your advice to others? Buy or continue to rent?
