for the conspiracy theorists let me elaborate holding in a down amarket is usually a good move the dollar has fallen as far as 3rd wave of foreclosures what NEEDs to happen in this country is for house /home prices to come down to the least common denominator in the 40"s you could buy a house for $5600 in the 50's 7k in the 70"s $20k today in my area the median home price is $200k yet we have one of the highest unemployment rates and only a median salary average of $36k accross the sate in a state where somerset county holds th e highest capita of millionaires in the country WTF
home prices have top come down to make it affordable for people to move out and into a home
Fact homeownership creates jobs
Fact average person moves 7 times in their lifetime
Fact as home prices increased and Wages decreaded the middle class line was desimated
there asre more home in refinance right now than new mortgages
there are more college grads working in walmart than the government
us has invested money in mortgage backed liar loans so when the mortgage market tanked so did the loans
if we had our youth excited to buy starter homes that were affordable that would get $$$ flowing back into a already stagnant realestate system thus moving the economy forward
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