Big P
Well-Known Member
well im only 30 or so, I figured I could wait it out if I had to and just live in this house for a long time.I'm glad, but statistically your house should be down 40%. There are pockets of resistance depending on your locale. Now, I said the real esate market is finished as a "retirement vehicle". One of the reasons is the govt. keeps insisting on messing with the markets...whicjh will give us waves of what just happened. This isn't over,....it's just beginning. Again, try not to think of the house as the retirement vehicle as opposed to the equity which is the real investment. If the equity looks like it's going to be in for a big drop....pull it the heck out of that home shell at a low rate of interest and get it where it can grow at a higher rate. even if you only get a tie....you'll be well positioned when the uninformed and flippers are shaken out. There is only one glaring problem. The places that are growing....is shrinking quickly. It will take even better analysis to miss the hazards of the financial golf course.
you think im still risking a lot? I got all my eggs in this basket