Buy! Buy! Buy! It's a GREAT time.
"In Defense of Homeownership." NY Times
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Oh, NO! NO! NO! Don't Buy! You will die a pauper, be responsible for Residential Armageddon, destruction of the planet, and the end of all value in society!
"The Case Against Homeownership" Time Magazine drivel.
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Buy! Sell? No, Hold! Don't be too hasty to jump into anything. You might be able to pick up an easy check for buying a short sale or a foreclosure!
"Another Home Buyer Tax Credit?" Realty Check on CNBC.
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So, Mr. and/or Ms. Consumer are trying to get a little clarity in their consideration of the wisdom of the largest investment they will ever make. And the "Experts" aren't helping.
You know, you can fill your head with enough crap that you can't even think, and the media is here to help make that happen!
Well, Mr. and/or Ms. Consumer, here's the real skinny on real estate:
If you have a hankering to buy, because you want to put down roots, go ahead and buy. Rates are compelling, and likely will not get significantly better. Research the area you want to live in, and avoid highly distressed homes in widely-distressed communities. Buy a home to have a deed, your own little piece of the planet. Buy what you can afford. If you think you will be there for just a year, don't buy.
There it is from a self-appointed "Expert."
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