“So you have to ask yourself what side of the downturn we are in, the beginning, middle or end.” –SD R
Does anyone really believe this is anything but the beginning?
I know SD has been flat or negative (on some measures) since April 05(?), but the main body of the exploding souffle (aka the housing economy) has yet to arc over and succumb to the harsh mistress of gravity, let alone land with a satisfying splut. Me, I’m waiting for the splut.
(But I still worry about anyone gambling with their primary residence–especially people who need to ask for advice from a blog–no offense intended, but I know some fairly savvy people who still won’t gamble their own home. If you still want to do it, just make sure that you can survive, financially and personally, any downsides–then good luck to you.)