Quote:
Originally Posted by sono65
Typically, it's people who have never owned a home, who are the big nay-sayers.
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That's very true. They want a crash so they can buy-in, and then they hope that from then on prices will keep on going up. Classic "I want everybody around me to fail but me". I don't own a home (yet), but I don't see where all this fear-mongering is coming from. Honestly though, if you want to buy a house, move into an obscure village away from the cities. The cities are always going to be increasingly expensive if they're desirable.
Inicidentally (and off-topic, since this is a pretty off-topic thread, which has been rehashed time and time again by the usual suspects), I remember reading some years ago on this forum that someone wished that inheritances were not allowed and that parents could not pass on their wealth to their children, and that all their assets would get donated to charity (presumably to prevent the trust fund kids from showing off). Imagine if you spent all your life savings into a dwelling that you could not even keep or pass on! I would just rent...heh... it was an absurd suggestion, but I still remember it quite clearly.
If you haven't saved yet, and you're looking to buy, you'll be at the same place you are today and when you're at the "impending apocalypse" of the housing market. Or worse, since the local economy will tank with it.
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