Great Housing Bubble Blog
Wednesday, October 03, 2007
One of the best 'Housing Bubble' Blogs out there, Patrick.net has a great explanation for why it's a terrible time to buy Real Estate in this market.
"Buyers borrowed too much money and cannot pay the interest. Now there are mass foreclosures, and senators are talking about taking your money to pay for your neighbor's McMansion."
Also, other great links to Housing Bubble articles, blogs, pictures, etc. at Patrick.net
posted by author @ 6:37 PM,
1 Comments:
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At 5:36 AM,
Sofia said...
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I am concerned about this since I am an investor. Could it be that I am buying what I think is a good deal due to the amount of equity in it from the discount and then there will be a bubble and I really didn't get what I thought I was getting. Is that what this means? Help. I am a slow learner here. example, such as today, I think I am getting ARV of 200,000. But next year when I go to sell it, will it only be worth $150,000 due to bubble???
