patrick.net

How about the South Florida area? I have so many people telling me that prices are going up. I really don't see much of a change when I look at prices so I'm not sure what they are talking about. But does anyone know if South Florida is still on the decline?

Darrell In Phoenix says

Your personal circumstances have nothing to do with the fact that you paid a grossly inflated price for a rapidly depreciating asset.

I agree, it's the key part few understand.

jsmarket says

Darrell,

Because we rented and saved so much over the past 10 years - we were able to make a substantial down payment on this house and have invested in silver and gold with some of the rest.

We were able to score a 2.9% mortgage rate because our FICO's were sound, thanks in part to renting and being entirely debt free save the monthly credit card bills (paid dutifully in full each month). In an era of continued currency debasement, gold and silver will likely appreciate enough in coming years to pay the house off when due...and in the meantime I have no lousy landlord and am living in the best house we have ever had the pleasure of living in.

So, what happens a decade down the line is of little concern - there are so many possible outcomes to future events it's impossible to guess - however TODAY, for our particular circumstances, it was a slam dunk correct decision for us to buy. Cheers.

Your story is charming BUT it also appears to me like an ideal commercial for the industry to lure in those who rented played it safe and have some cash and credit.

bmwman91 says

The housing market can't truly improve (in terms of resembling something like a free market) until the greater economy returns to solid fundamentals, and I doubt that anyone really thinks that that will happen any time soon.

My take on this is even with a sound economy solid fundamentals aren't going to be solid and real until housing returns to true VALUE to THE DOLLAR and from todays standpoint that means major further declines.

That comment is to complicated and you are forgetting that whatever the reason the housing market is recovering that is all that really matters. True, the fedeal governmanrt and the banks are sleeping together and manipulating the free market but that is the way it is. So why try to Over analyze it? JUst get out there and buy some damn property andmake some great investments while thew opportunity exists.

You could argue all day about the reasons why and meanwhile you will miss the boat. I know bc I have done it and am enjoting $20000 cash flow a month for my Real Esate investments over the last 5-6 years. The negative thing about this site is people argue over things that don't matter... and debate over the market and USA policies etc in the free market. Meanwhile the greatest opportunity in 60 years is passing you by every single day.