[investor]

When and where to buy a home is tough to predict. Due to the massive amounts of money the fed has printed,that will hit the market at some point,I think that we are in for a period of high inflation in about 18-24 months. Probably in the range of 12 to 15%. How that will effect home prices probably will depend on the job market, which is probably going to get worse before it gets better. More jobs= more people with money to buy a house. More unemployed (despite the inflation) = a soft housing market and lower home prices despite inflation. As many have pointed out, the amount of foreclosures is artificially low so recent home bidding wars may cease if/when the pre-forclosure homes finally do hit the market, which may further lower home prices. If the pre-foreclosures do not hit the market, home prices may continue to creep up. Balancing all of these factors is difficult. I think that if someone is in a position of long term financial secuirity,ie a good/secure job, locking in a home at a reasonable recession price in the next 12 months at a fixed 30 year mortgage will probably make you look like a real estate guru in 6-10 years. I just bought a class A office condo for my office at $177/sq ft on a major road because I believe that now is a great time to buy foreclosed commercial real estate.Good luck.

[investor]

When and where to buy a home is tough to predict. Due to the massive amounts of money the fed has printed,that will hit the market at some point,I think that we are in for a period of high inflation in about 18-24 months. Probably in the range of 12 to 15%. How that will effect home prices probably will depend on the job market, which is probably going to get worse before it gets better. More jobs= more people with money to buy a house. More unemployed (despite the inflation) = a soft housing market and lower home prices despite inflation. As many have pointed out, the amount of foreclosures is artificially low so recent home bidding wars may cease if/when the pre-forclosure homes finally do hit the market, which may further lower home prices. If the pre-foreclosures do not hit the market, home prices may continue to creep up. Balancing all of these factors is difficult. I think that if someone is in a position of long term financial secuirity,ie a good/secure job, locking in a home at a reasonable recession price in the next 12 months at a fixed 30 year mortgage will probably make you look like a real estate guru in 6-10 years. I just bought a class A office condo for my office at $177/sq ft on a major road because I believe that now is a great time to buy foreclosed commercial real estate.Good luck.

[investor]

When and where to buy a home is tough to predict. Due to the massive amounts of money the fed has printed,that will hit the market at some point,I think that we are in for a period of high inflation in about 18-24 months. Probably in the range of 12 to 15%. How that will effect home prices probably will depend on the job market, which is probably going to get worse before it gets better. More jobs= more people with money to buy a house. More unemployed (despite the inflation) = a soft housing market and lower home prices despite inflation. As many have pointed out, the amount of foreclosures is artificially low so recent home bidding wars may cease if/when the pre-forclosure homes finally do hit the market, which may further lower home prices. If the pre-foreclosures do not hit the market, home prices may continue to creep up. Balancing all of these factors is difficult. I think that if someone is in a position of long term financial secuirity,ie a good/secure job, locking in a home at a reasonable recession price in the next 12 months at a fixed 30 year mortgage will probably make you look like a real estate guru in 6-10 years. I just bought a class A office condo for my office at $177/sq ft on a major road because I believe that now is a great time to buy foreclosed commercial real estate.Good luck.

[investor]

When and where to buy a home is tough to predict. Due to the massive amounts of money the fed has printed,that will hit the market at some point,I think that we are in for a period of high inflation in about 18-24 months. Probably in the range of 12 to 15%. How that will effect home prices probably will depend on the job market, which is probably going to get worse before it gets better. More jobs= more people with money to buy a house. More unemployed (despite the inflation) = a soft housing market and lower home prices despite inflation. As many have pointed out, the amount of foreclosures is artificially low so recent home bidding wars may cease if/when the pre-forclosure homes finally do hit the market, which may further lower home prices. If the pre-foreclosures do not hit the market, home prices may continue to creep up. Balancing all of these factors is difficult. I think that if someone is in a position of long term financial secuirity,ie a good/secure job, locking in a home at a reasonable recession price in the next 12 months at a fixed 30 year mortgage will probably make you look like a real estate guru in 6-10 years. I just bought a class A office condo for my office at $177/sq ft on a major road because I believe that now is a great time to buy foreclosed commercial real estate.Good luck.

[investor]

When and where to buy a home is tough to predict. Due to the massive amounts of money the fed has printed,that will hit the market at some point,I think that we are in for a period of high inflation in about 18-24 months. Probably in the range of 12 to 15%. How that will effect home prices probably will depend on the job market, which is probably going to get worse before it gets better. More jobs= more people with money to buy a house. More unemployed (despite the inflation) = a soft housing market and lower home prices despite inflation. As many have pointed out, the amount of foreclosures is artificially low so recent home bidding wars may cease if/when the pre-forclosure homes finally do hit the market, which may further lower home prices. If the pre-foreclosures do not hit the market, home prices may continue to creep up. Balancing all of these factors is difficult. I think that if someone is in a position of long term financial secuirity,ie a good/secure job, locking in a home at a reasonable recession price in the next 12 months at a fixed 30 year mortgage will probably make you look like a real estate guru in 6-10 years. I just bought a class A office condo for my office at $177/sq ft on a major road because I believe that now is a great time to buy foreclosed commercial real estate.Good luck.

[investor]

Wealth can be defined as having your passive/portfolio income exceeding your monthly expenses. What this does for you is give you the freedom to choose what to do with your life. Work, sail, give it away, … Passive/portfolio income also can support you in retirement assuming that you have invested well for cash flow. Defined benefit programs are not reliable and 401K’s in the stock market can implode as well (enron anyone?) as you do not have control over the perfomance of the company.A lack of education in the basics of how our country’s financial system works is one reason there are so many seemingly insightful answers to this question. I’m not trying to criticize, believe me.It has taken me a number of years to educate myself to where I am now, which still has a long way to go to achieve financial independance. Something easier in this country than in almost any other country on earth.

[investor]

Wealth can be defined as having your passive/portfolio income exceeding your monthly expenses. What this does for you is give you the freedom to choose what to do with your life. Work, sail, give it away, … Passive/portfolio income also can support you in retirement assuming that you have invested well for cash flow. Defined benefit programs are not reliable and 401K’s in the stock market can implode as well (enron anyone?) as you do not have control over the perfomance of the company.A lack of education in the basics of how our country’s financial system works is one reason there are so many seemingly insightful answers to this question. I’m not trying to criticize, believe me.It has taken me a number of years to educate myself to where I am now, which still has a long way to go to achieve financial independance. Something easier in this country than in almost any other country on earth.

[investor]

Wealth can be defined as having your passive/portfolio income exceeding your monthly expenses. What this does for you is give you the freedom to choose what to do with your life. Work, sail, give it away, … Passive/portfolio income also can support you in retirement assuming that you have invested well for cash flow. Defined benefit programs are not reliable and 401K’s in the stock market can implode as well (enron anyone?) as you do not have control over the perfomance of the company.A lack of education in the basics of how our country’s financial system works is one reason there are so many seemingly insightful answers to this question. I’m not trying to criticize, believe me.It has taken me a number of years to educate myself to where I am now, which still has a long way to go to achieve financial independance. Something easier in this country than in almost any other country on earth.

[investor]

Wealth can be defined as having your passive/portfolio income exceeding your monthly expenses. What this does for you is give you the freedom to choose what to do with your life. Work, sail, give it away, … Passive/portfolio income also can support you in retirement assuming that you have invested well for cash flow. Defined benefit programs are not reliable and 401K’s in the stock market can implode as well (enron anyone?) as you do not have control over the perfomance of the company.A lack of education in the basics of how our country’s financial system works is one reason there are so many seemingly insightful answers to this question. I’m not trying to criticize, believe me.It has taken me a number of years to educate myself to where I am now, which still has a long way to go to achieve financial independance. Something easier in this country than in almost any other country on earth.

[investor]

Wealth can be defined as having your passive/portfolio income exceeding your monthly expenses. What this does for you is give you the freedom to choose what to do with your life. Work, sail, give it away, … Passive/portfolio income also can support you in retirement assuming that you have invested well for cash flow. Defined benefit programs are not reliable and 401K’s in the stock market can implode as well (enron anyone?) as you do not have control over the perfomance of the company.A lack of education in the basics of how our country’s financial system works is one reason there are so many seemingly insightful answers to this question. I’m not trying to criticize, believe me.It has taken me a number of years to educate myself to where I am now, which still has a long way to go to achieve financial independance. Something easier in this country than in almost any other country on earth.

[Author]

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