http://currency-collapse.com/
http://www.youtube.com/user/CurrencyCollapse
Video illustrates how home prices will continue to fall in the coming years. I advise people to sit back and wait for prices to bottom out and then step back into the market. Gold & Silver are still the best investments right now and I believe that if you put your money in the metals that you will be able to grow your wealth considerably and then be able to purchase real estate and extreme discounts compared to current prices.
Video uses hypothetical example of "John Smith" and how he is affected when interest rates rise just one percentage point. I strongly believe that interest rates will rise to much higher levels from their current rates and this will cause real estate prices to fall even more.
Astute observations,.....well spoken chap.
mkmason2002 6 days ago
Great advice man.
AlejandroInAustin 2 weeks ago
If the dollar collapses then whats the point of having good credit? Why not max out your credit and invest it in Gold and silver ?
Doiler 1 month ago
wait until the dollar collapses and rates go above 10%!!!!!!!!!!!!!!!
YoboWarrior 2 months ago
They are worth what they sold 1996
superhawkn 2 months ago
Neighborhood Desirability and house turnover rate ( do ppl live here their whole lives or buy and run in few yrs - this affects neighborhood character and quality of life), probability of future employment salary increase decrease... or layoff. As another said you're ignoring foreign investment in real estate or businesses. Then you are ignoring the alternative. Rent, or be live like a transient. Both of these situations have huge stability issues. Also you are ignoring the swing of rent prices.
dtp5150 2 months ago
Here are ~some~ things missing or erroneous from this analysis. That first bit about the two sides momentum asset class thing is extremely subjective. Downpayment, Homeowners insurance, PMI, Property Tax, Local School System Quality, Quality of other public services such as police roads and hospitals,
dtp5150 2 months ago
Realestate in Australia
1987 to 1991
Mortgage Interest Rates peaked at 18%
House Prices went up at similar rate to the high interest rates
Allot of people made huge gains with prices, then Interest Rates came down, and House Prices stayed the same for about 10years
MalibuLimo 2 months ago
subbed to you.
Blizeful 2 months ago