Very interesting indeud….a debbie downer saying it may be time to buy.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
rates are going up.barring whatever outcome. so it wont matter if home prices fall even more,cause you’ll end up catching hell on the other side.
Not sure drummer boy.
Even if rates go up 2% the capital value has been decimated and would still be cheap.
I’m even thinking of making my way back to the US from Australia.
If this “debbie downer” says it may be time to buy a house, it really may time.
http://wallstreetpit.com/80244-robert-shiller-this-might-be-a-buying-opportunity-for-houses
The turn around is extraordinary. I left the US in 02. You could sell a house there for say.. call it $500,000, convert into Aussie Dollars at 50 cents or close to and buy a house here with the same money for say $1 million.
That same house that was bought is now worth around $2.3 million.
You could turn around convert the proceeds into US dollars, buy the same house for $300,000 and have $2.23 million left over. That’s an absolutely staggering turn around. It’s a 500% turnaround in 9 years.
Cronkite – how come you never post “news stories” like this one?
http://news.yahoo.com/nasa-data-blow-gaping-hold-global-warming-alarmism-192334971.html
@ J, i am in hardcore tune with R.E, ,it is the bottom. trust me…. if its that way, for your coin, i could pick up a 3 bedroom w/2 bath a full basement and livable attic in brick on a big lot for 100k-168k.the other coin would buy me 2 multi unit buildings,still have money left over,and on top of that, the income flow would be perpetual. rentals rates are going up up and away. so if all paid cash youd make back everything you paid for the multi’s in 9 yrs and then some,by 12 years time,youd have all of your investment back,plus paid for properties……time to leave aussie no?
Nice find DMG…when i see them i do post ’em
not sure rates are moving higher either….unless they are forced higher
Dude – a little more drudge and a little less huffpo to balance things out, perhaps?