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30 Latest Key charts that show the dire straits Housing is in!
2011 Jul 8, 2:21am 2,086 views 9 comments
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2011 Jul 9, 3:08am
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2011 Jul 9, 3:08am
Well, I guess we agree it's the unemployment line for the lot of them. Their rifle skills should come in handy in the new economy that's coming.
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Here are 30 latest charts that show the terrible condition that the real estate market (and general economy) is in and why it is a terrible time to buy at this time. Is there any one that can argue with the facts of these charts? If so, try to make your arguments with reason and not emotion.
The author is Michael David White, a Chicago mortgage broker who is one of the most honest guys around that writes about real estate. He is honest and realistic about the facts on the ground even though his views go against his income stream. I correspond with him via email regularly regarding buying (primarily because of his honesty) and he consistently tells me not to buy but to wait.
His conclusion: Sell now and run for the exits. Don't hold. Don't buy. Rent. If you buy now, you will lose your shirt and more.
Link
#housing