Buying A Home
Housing prices fell more than usual because they rose more than usual before the crash. Overbought leads to oversold, which leads to overbought. This golden roller coaster is great fun for those who get on and off at the right times. For many in-the-know, today could be one of those ‘right times’ to buy a home.
Most people do not buy a home to make a killing, it is an emotional decision and a place to call home. If it drops a little, it is okay, if it very slowly appreciates in the years to come, 1%, 3%, 5%, that is okay. Beats 0.1% int. from banks or risks in the stock market. If you have enough cash to buy a home today, a home that maintains its value without profit is a solid financial choice, maybe perfect to balance the wild crazy horses in your portfolio.
