Is is Good News for people buying with a lot of cash?

[nostradamus]

If he has lots of cash,

1. why not wait for interest rates to go up which will bring home prices down. then pay in cash!

2. make sure he’s keeping this cash in a safe place! not Wamu or Wachovia, for example.

[stpiermj]

Putting cash in someone elses hands is probably the real issue. Gold and Real Estate are the only few commodities that will be useful and can wither the potential hyper-inflation and mass bankrupties that potentially awaits hard working Americans. Worse case, you lose all your cash in someone elses bankruptcy. Second worse, your quality new home loses 20% over next 5 years, while inflation increases at 8-15% per year. I think a quality new home is the best investment one can make right now. JMO. I say buy a great new home in the 500-650k area that of course is in a good location (cooler climate, fewer foreclosures, good job stability, fairly close to mass transit).

[stpiermj]

Putting cash in someone elses hands is probably the real issue. Gold and Real Estate are the only few commodities that will be useful and can wither the potential hyper-inflation and mass bankrupties that potentially awaits hard working Americans. Worse case, you lose all your cash in someone elses bankruptcy. Second worse, your quality new home loses 20% over next 5 years, while inflation increases at 8-15% per year. I think a quality new home is the best investment one can make right now. JMO. I say buy a great new home in the 500-650k area that of course is in a good location (cooler climate, fewer foreclosures, good job stability, fairly close to mass transit).

[stpiermj]

Putting cash in someone elses hands is probably the real issue. Gold and Real Estate are the only few commodities that will be useful and can wither the potential hyper-inflation and mass bankrupties that potentially awaits hard working Americans. Worse case, you lose all your cash in someone elses bankruptcy. Second worse, your quality new home loses 20% over next 5 years, while inflation increases at 8-15% per year. I think a quality new home is the best investment one can make right now. JMO. I say buy a great new home in the 500-650k area that of course is in a good location (cooler climate, fewer foreclosures, good job stability, fairly close to mass transit).

[stpiermj]

Putting cash in someone elses hands is probably the real issue. Gold and Real Estate are the only few commodities that will be useful and can wither the potential hyper-inflation and mass bankrupties that potentially awaits hard working Americans. Worse case, you lose all your cash in someone elses bankruptcy. Second worse, your quality new home loses 20% over next 5 years, while inflation increases at 8-15% per year. I think a quality new home is the best investment one can make right now. JMO. I say buy a great new home in the 500-650k area that of course is in a good location (cooler climate, fewer foreclosures, good job stability, fairly close to mass transit).

[stpiermj]

Putting cash in someone elses hands is probably the real issue. Gold and Real Estate are the only few commodities that will be useful and can wither the potential hyper-inflation and mass bankrupties that potentially awaits hard working Americans. Worse case, you lose all your cash in someone elses bankruptcy. Second worse, your quality new home loses 20% over next 5 years, while inflation increases at 8-15% per year. I think a quality new home is the best investment one can make right now. JMO. I say buy a great new home in the 500-650k area that of course is in a good location (cooler climate, fewer foreclosures, good job stability, fairly close to mass transit).

[peterb]

There’s almost zero risk of missing a real estate upside opportunity right now…IMO
But there’s still very much down side risk. So why be in a hurry to buy. Unemployment is rising, credit is tightening and home prices are declining. Your uncle wont probably need a loan to buy in the next 12 months or so. He can pay cash.

[peterb]

There’s almost zero risk of missing a real estate upside opportunity right now…IMO
But there’s still very much down side risk. So why be in a hurry to buy. Unemployment is rising, credit is tightening and home prices are declining. Your uncle wont probably need a loan to buy in the next 12 months or so. He can pay cash.

[peterb]

There’s almost zero risk of missing a real estate upside opportunity right now…IMO
But there’s still very much down side risk. So why be in a hurry to buy. Unemployment is rising, credit is tightening and home prices are declining. Your uncle wont probably need a loan to buy in the next 12 months or so. He can pay cash.

[peterb]

There’s almost zero risk of missing a real estate upside opportunity right now…IMO
But there’s still very much down side risk. So why be in a hurry to buy. Unemployment is rising, credit is tightening and home prices are declining. Your uncle wont probably need a loan to buy in the next 12 months or so. He can pay cash.

[peterb]

There’s almost zero risk of missing a real estate upside opportunity right now…IMO
But there’s still very much down side risk. So why be in a hurry to buy. Unemployment is rising, credit is tightening and home prices are declining. Your uncle wont probably need a loan to buy in the next 12 months or so. He can pay cash.

[kewp]

I’ll suggest that any bailout plan is unworkable and housing prices are going to crash. So he might as well wait.

Tell him to buy some gold and short the financials while he is waiting.

Every speculative bubble in history has collapsed and reverted to the mean. This one will be no different.

How many dotbombs were bailed out in 2000, for example?

[kewp]

I’ll suggest that any bailout plan is unworkable and housing prices are going to crash. So he might as well wait.

Tell him to buy some gold and short the financials while he is waiting.

Every speculative bubble in history has collapsed and reverted to the mean. This one will be no different.

How many dotbombs were bailed out in 2000, for example?

[kewp]

I’ll suggest that any bailout plan is unworkable and housing prices are going to crash. So he might as well wait.

Tell him to buy some gold and short the financials while he is waiting.

Every speculative bubble in history has collapsed and reverted to the mean. This one will be no different.

How many dotbombs were bailed out in 2000, for example?

[kewp]

I’ll suggest that any bailout plan is unworkable and housing prices are going to crash. So he might as well wait.

Tell him to buy some gold and short the financials while he is waiting.

Every speculative bubble in history has collapsed and reverted to the mean. This one will be no different.

How many dotbombs were bailed out in 2000, for example?

[Author]

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