On another note, I haven’t been able to contribute as much to savings these past few years as I would’ve liked….this market meltdown has been helping me catch up to everyone else’s nest egg rather quickly 😉
Exactly — this thing is probably wiping out a TON of down payment money among the “sophisticated investor” crowd. Combine that with tightened lending and that spells big trouble for overpriced housing markets like SD.
On another note, I can’t help thinking that this whole market downturn has been engineered by someone looking to artificially drive the market down so that they can snap up bargains. When Jim Cramer goes on TV and tells everyone to dump their stocks like he did the other day, I get suspicious…
