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architect
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Hey WW
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Date:
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2/27/2012 7:17:14 PM (updated 2/27/2012 7:17:58 PM)
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More bad news...New report shows pending home sales are near 2 year high. Index at highest point since April 2010 when the first-time home buyer credit was still in place. It just gets worse and worse.
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That is great news. Finally. I guess since Obama destroyed more than half the value, drove foreclosures to the highest level since the great depression, and interest rates at record lows, people are finally starting to believe things won't get any worse. But it still has a long, long way to go. The levels are still about 1/3 what they were under Clinton and Bush.
But I will say, I even believe homes are at a bottom ... I helped my son buy a VERY nice Atlanta home and he is 25, but told hime he will not see prices or rates like this again ... I hope in 5 years he has a 50% gain which I think is very possible.
I am even thinking of buying some homes as investments and renting until prices go up.
You should do the same with all the extra cash you have from the economic boom under Oblamer. Before he raises your taxes.
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