[JBurkett19]

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Thanks for this. I appreciate your explanation. It makes sense that the interest earned from bank deposits at the FED wouldn’t be enough to cover the losses. But, since banks are being demonized because they’re not putting more money to work, this may be a way to get some back and put it work for real?

I sensed that my last question was a bit cynical. Thanks for your brilliant way in answering, however, isn’t cynicism sometimes the “…unpleasant way of saying the truth.”

[JBurkett19]

Thanks for this. I appreciate your explanation. It makes sense that the interest earned from bank deposits at the FED wouldn’t be enough to cover the losses. But, since banks are being demonized because they’re not putting more money to work, this may be a way to get some back and put it work for real?

I sensed that my last question was a bit cynical. Thanks for your brilliant way in answering, however, isn’t cynicism sometimes the “…unpleasant way of saying the truth.”

[JBurkett19]

Thanks for this. I appreciate your explanation. It makes sense that the interest earned from bank deposits at the FED wouldn’t be enough to cover the losses. But, since banks are being demonized because they’re not putting more money to work, this may be a way to get some back and put it work for real?

I sensed that my last question was a bit cynical. Thanks for your brilliant way in answering, however, isn’t cynicism sometimes the “…unpleasant way of saying the truth.”

[JBurkett19]

Thanks for this. I appreciate your explanation. It makes sense that the interest earned from bank deposits at the FED wouldn’t be enough to cover the losses. But, since banks are being demonized because they’re not putting more money to work, this may be a way to get some back and put it work for real?

I sensed that my last question was a bit cynical. Thanks for your brilliant way in answering, however, isn’t cynicism sometimes the “…unpleasant way of saying the truth.”

[Author]

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