http://www.marketwatch.com/news/story/commentary-confronting-housing-market-myths/story.aspx?guid=%7BF7C7F56C%2DEEB1%2D460E%2D9F42%2DD91AE0D47077%7D
The house of denial my friends
I agree with another post here, that we should all offer a projected ,say 20-30% off their prices. I believe this range is reasonable, and will protect one in this market .Unless the sellers get low offers they will continue to live in fantasyland and slowly bleed as the days,weeks and months pass away eating at what equity is left. So if you are in the market do it.Realtors will have to adjust their “cut”,I mean commission
Don’t forget,it’s is now harder to qualify for loans these days.
Thus, dividend-paying firms that provide consumer staples are likely the best bet. Impressive results from companies like Wrigley Jr. Company, Johnson & Johnson, and PepsiCo support this view, and despite their recent success, prices on these firms remain fairly reasonable.
From the byline:
Mathew Emmert, former editor of the Motley Fool Income Investor newsletter, is preparing to launch his own letter, Dividend Gambit, a real-time newsletter service focusing exclusively on dividend-paying stocks. Mathew owns shares of Johnson & Johnson, Pepsico, and Wrigley. (dividendgambit.com)
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