Thread: Housing market
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Old Posted Nov 5, 2008, 11:42 PM
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BrianE BrianE is offline
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Location: Hamilton
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Quote:
Originally Posted by emge View Post
i hear ya.

good news for me too.. come on, house.

might be putting in an offer after a second look at one in a few days.. we'll see... we'll see...

and to think i thought it wouldn't be that nerve-wracking.
Uh, I would't buy just yet. If you can live with renting for another year you might want to do that. Buying into the housing market right now would be like jumping onto a roller coaster just as it starts down the first big drop.

If you buy now even with 5% or 10% downpayment you might have negative equity in the house for the next couple of years. The real estate buisness is going to be THAT bad.
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