Housing Prices to fall 10,20,even 25%

If you have an exit strategy or a plan of action for a long term hold; you may be okay. Our indicators tell us that real estate prices will be tumbling again in most parts of the country. There are exceptions everywhere but be careful that you just don't just think every piece of real estate has to go up. I have had cautionary posts over the last few months talking about possible problems ahead. We are in a dynamically changing world and things half way around the world can change our economy and thereby change the buying pattern of the American public.

there's talk about eliminating the mortgage interest deduction

BUT, better to get the day started while its young. Lol I believe talk about doing away with the mortage deduction is just that..talk. It gonna be extremely hard if not impossible for the Republicans to do that without killing a lot of their support, UNLESS they overhaul our tax code to lessen the impact on the working man.

Mike I hope you do something good today for you and for someone else. If we do that everyday, each day will be alot more meaningful and we will reap the rewards.

I ran over to Yahoo finance, but did not find the article you mention. I did, however, find several very informative pieces with which to educate me. Thanks, and, of course, peace,

I'm up at 0500 or b4 just about EVERY day(prior military)---on vacations(I mean tax deductable business trips) we usually sleep in 'till 0600.

Mortgage interest elimination, will help the GOV get more $$$$$$ but they have run this country in the ground. Who knows what's next.

I DO something good EVERY day for others and also myself and you're right it makes life more meaningful.......goes around -comes around.

Have a Great day,

Mike

Article was yesterday- friend said it was in USA today also

Mike

google housing prices drop 4.1% and get the info

....It sounds like a great time to buy and lock up some deals. As long as you have your buyers list built, and find the deals, there is money to be made. Many buy and hold investors like to run the numbers and see positive cash flow from potential additional rentals. If the property produces positive cash flow you can sometimes create "new buyers" from your everyday contacts. Thanks for sharing the info. Believe and Achieve! - Joe

I've also been saying the same thing. But there are those around here who believed the news, who said we're at the bottom. I just kept saying, the bottom means there is no where else to go, and that just doesn't match the current condition of our economy. People are still unemployed and getting layed off. That means more foreclosures!! More foreclosures, means more properties being held by the banks. Well, that means lower prices to get rid of them. I won't even mention the the lending criteria.

In essence, this is a great window of opportunity for many.

How in the world does one get 17159 points? Do you sleep?! LOL