Short term real estate valuation has been down, since it has peaked
last year. The house prices has been down 30-40% from their all time high. Added the foreclosure, and the
mortgage tightening of the market. To those people who are looking for a "pinch hitter" or a "home run"
market. We would have to wait for a while. The tide is now againt us, we would not be able to see the market
coming up, some time in the future. Some argue that home prices will just flatten out, instead of actually
falling. Their reasoning seems to be that home prices have never fallen in the U.S. before -- not exactly
something I can keep under my pillow to help me feel safe at night, if you know what I mean. It's kind of like
saying there will never be a major global nuclear war because there's never been one before. That doesn't
make me any more comfortable with certain countries possessing nuclear arms.
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