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Is It True?Property prices to drop in a year or 2
#48
Makalealea,

I am very weary of the stock market now as it seems very over sold. We have had alot of bad news since last June and the market just rallies at each turn. I have been mostly out of buying stocks since late 2005 and have missed some of the cream, but I have made more on shorting. I would at least check your position and set in sell markers, discuss this with your husband at XX we are selling out and moving to Tbills. This market reminds me by early 2000. Greed gets a hold of people and they pay for it all the way down.

Remember a house should only be 2-3x your yearly gross, I would count the top wage earner only and should only be 25% of gross earnings monthly and cost 100Xs monthly rent. Relax a house is just a liability until you pay it off, I understand about nesting but think about the liability.

May I suggest the following websites:

http://www.bloomberg.com/
http://thehousingbubbleblog.com/
http://globaleconomicanalysis.blogspot.com/

I wish you the best.

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RE: Is It True?Property prices to drop in a year or 2 - by Jared I - 02-25-2007, 11:51 AM

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