Well written and well thought through dear boy. Are you referring to the Military / Industrial / banking complex as the US? If you are hoping to include the US middle class, please put that silly notion aside as they are all tapped out and now being replaced by other emerging middle classes. And it is the MC who hold the RE Hence my statement stands " RE is a runaway train......"
Is there a security thats derived from the housing market? Can you hedge your housing assets against the market until the correction is over?
A recent ride going north on Sheridan Road in Chicago, revealed a "For Sale", or "Open House" sign on every block in Rogers Park. The next neighborhood north - Evanston - is the beginning of Chicago's swanky "north shore". Evanston had nearly as many "For Sale" signs. The next neighborhood is Wilmette. 3 houses for sale there, on my brother-in-law's street of 12 houses. 2 people waited too long for a high price, and, unfortunately, the third had his engineering job shipped overseas.
I guess it depends where you live. Sound my house in St. Louis in June. Was on the marke tfor 3 weeks.
Quote from davesaint86: I guess it depends where you live. Sound my house in St. Louis in June. Was on the marke tfor 3 weeks. was the sound louder than an orgasm?
WTf is all this talk about housing going down. I am looking at a 600k in CT Thanksgiving week and there are 3 offers all coming in this week. Where is the housing burst when you need one...lol
Exactly!!! Quote national all you want, but, NOBODY lives nationally. It's a local market, always has been.