http://www.therealestatebloggers.com/2008/12/24/where-are-the-home-buyers/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://www.therealestatebloggers.com/2008/12/24/where-are-the-home-buyers/comment-page-1/#comment-317685 Christian Wed, 24 Dec 2008 18:05:16 +0000 http://www.therealestatebloggers.com/2008/12/24/where-are-the-home-buyers/#comment-317685 It really is the time to buy. Markets like this are prone to over-correct. If Uncle Sam keeps printing money, which he most likely will, we're in for a hell of a downturn. that doesn't mean it's time to wait to buy a house! It means that if you want to buy anytime in the next 10 years or so you ought to get on it. You think rates are going to be this low forever? In a few years, I will not be surprised if we're back in the double digits. And prices will still be going down. But you'll only be able to afford half the house you could buy if you buy now. Get on it! It really is the time to buy. Markets like this are prone to over-correct. If Uncle Sam keeps printing money, which he most likely will, we’re in for a hell of a downturn. that doesn’t mean it’s time to wait to buy a house! It means that if you want to buy anytime in the next 10 years or so you ought to get on it. You think rates are going to be this low forever? In a few years, I will not be surprised if we’re back in the double digits. And prices will still be going down. But you’ll only be able to afford half the house you could buy if you buy now. Get on it!

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