You can be looking at a fantastic price on a home with a historically low interest rate, but if you are really concerned about job stability are you going to pull the trigger and buy or are you going to remain in a holding pattern until you feel some stabilization?
One of my deepest fears is that I wouldn’t know a good price even if I saw it. I’ve been so burned by this last bubble cycle on the one hand. On the other RE has always been more expensive in SoCal than most of America. Gives me the willies trying to weight the pros and cons. Especially when you pile on increasing instability in my career.
However Marion, if you think prices in the IE are low now, just wait till we get to 9% mortgages! That won’t happen for a few years I don’t think as the fed is determined to keep deflation from taking hold. Price increases are not inflation!
