[These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.
Just my 2 cents (a self admitted knife catcher… in escrow as we speak)] – biggoldbear
Three years ago I was at a Padres game sitting in left field occasionally gazing at the new condo conversions. I said to myself, “since we are renting anyway, maybe we should buy a microscopic, ex-apartment for an investment. We could stay until we’re ready to have kids then sell for a profit. We could do it.” My cousin’s friend’s cousin said, “No problem. I don’t care if you are both in school, have to eat Kraft mac-and-cheese two meals a day, have $50.00 in your checking account and currently live in student housing. I have your loan!” We didn’t do it, partially because of this site. Now we are buying a SFR in a nice area.
