I got some flack about my stand on falling home prices, but CNN has a story today on the families that are benefiting from reasonable priced housing. We had to clear the speculators out of the market, so it could go back to being what it was meant to be, a home.
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I am very happy for families like this one who were patient and smart with their money, saving diligently and now able to afford a good home. They did it the right way, and should enjoy their success without guilt.
ReplyDeleteDuring the housing bubble. I can can picture the young real estate agent’ the banker waiting for the buyer to sign on the doted line chuckling when someone suggested that real estate could maybe not be the greatest investment in the world. So over confident that you could smell it in the room. Non of these guys ever thought for a moment that their was anything out of the ordinary. The Folks described above while being wise with their money could easily have got caught up in the housing frenzy some years back just like everybody else theirs also a high degree of luck involved in being in a very favorable period like today if you just happen to be a buyer in the housing market today.
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