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July 06, 2007


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Nohousing slump here. Sales prices still going up. Rents projected to rise 8.5 percent this year and another 6 percent next year. Wish you were here.

If you are selling a cheaper house and buying a more expensive house (ie. moving up), then a declining housing market is good news for you.

Some markets are still doing well - New York City for example

Raw land does not depreciate and if chosen properly can make you rich over time

got in late on this one but-

the housing rebound will start once rent/buy ratios are coming back to a traditional level where its slightly more expensive to rent than buy or even. When rents are 1/2-2/3 of the price of buying its going to take a long time and be painful for many people until it gets there. Coupled with the amount of soon to be built or recently built condos and houses it could take years.

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