[quote=outtamojo]Hey, RT, what were those same economist folk saying back in 2005? They were for the most part as rosy as they are now bearish. Imo if you listen to the national pundits rather than focusing on what is right in front of you in the market you are interested in and you are somewhat picky about the features you want in the house you are looking for…
you end up missing the so called “bottom”. The real collapse, if it comes, will be in 2011 or 2012 when and if all the stimulus fails.[/quote]
What is “right in front” of EVERY market I have looked at is a buttload of foreclosures sitting in shadow inventory AND a MASSIVE wave of Foreclosures getting ready to hit.
If that signals a buying opportunity to you then by all means jump in.
I challenge anyone to post a Foreclosure map of a hood they are interested in that does not scream WAIT!
