[quote=ocrenter][quote=flu]Forget about worrying about whether RE prices are good or not good. You might lose some money by buying RE, but you’re going to get slaughtered if you stay in cash.[/quote]
I agree, that’s exactly what I see happening with folks with excess cash. They are getting out and purchasing properties.
This is why the lower segments have stabilized. quite frankly it is extremely hard for a working class family to buy a starter home even if they qualify because they are forced to compete with ALL CASH OFFERS in the sub-300k market.
Indirectly, we are now creating more permanent renter class this way and increasing the class divide.[/quote]
Forgot to mention that Confucius also mentioned that he predicts unemployment benefits being extended for another 2 years 🙁
