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Money: Home Prices Up or Down?
Posted January 19, 2007 7:26 AM
It doesn't really matter what the home prices are today or what you think they might do in a month or six months. History tells us for more than a hundred years that the cycles are mostly up and when they set new highs, the bar starts there and increases in an upward trend with very few occasions of it falling for any length of time. The Wall Street Journal's Campion Walsh wrote an article on January 11th claiming that home prices are seen as rising in '07. What that means for those waiting to get into the game is that unless you're actually waiting for a natural disaster to level the exact four square block that you've had your eye on, there's no better chance to own a piece of the American dream than today. Five years from now the prices you're looking at this very moment will likely be so low, you'll kick yourself for not having bought.
Technorati Tags: home prices, investments, money advice, real estate bubble
We are very big on reading here at Guyville, and we love to recommend the best gifts for him that we can suggest. We love our readers to be educated as education often times leads to wealth. A wealthy reader is a wealthy shopper...and well, you can figure out the rest. Our recommendation is a great book called, Bubbles Booms and Busts. Study the trends, and live by the words that have made many an astute home buyer wealthy, "Buy the worst, cheapest house in the best neighborhood." Put some elbow grease into it and load up your wallet. Happy house hunting!