Los Angeles Real Estate Update - Is It a Good Time to Buy?
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Too bad we're just now beginning a depression and home prices WILL be falling by a considerable amount until the glut is gone... probably in 2014 or 1015 we'll see the bottom.
Prices are going to come down much more than "a little bit" unless you thing another 20% drop is a small number.
Baby boomers are done fueling the housing boom and all of the worlds banks are at risk of insolvency because of their long bets on real estate. In other words: this crisis has only just begun.
Good luck.
Einstiensblackid 2 years ago