[Eagles Talon IV]

It is never a bad time to buy a home if it is where you plan to live. Real Estate ALWAYS increases in value (Love Canal excluded) over time even though it has it's peaks and valleys.

Interest rates have just about peaked and will again start down in the relatively near future. When that occurs the R.E. market jumps to life as it has always done in the past. The key word is "market" and like all markets they do a magnificent job of setting prices to circumstances surround the supply and demand equation.

[Wayne07]

If you could buy a house today for $1,000,000 or tomorrow for $500,000 you are going to tell everyone that today isn't a bad day to buy becasue you are going to live in it?

[RayStacy]

I'm not sure that's always true. There are all-brick homes in SE DC that were once VERY desirable. Now... Well you can imagine, and the same is true in inner cities all over the country.

[studly hungwell]

"It is never a bad time to buy a home if it is where you plan to live. Real Estate ALWAYS increases in value (Love Canal excluded) over time even though it has it's peaks and valleys."

I'll bet the residents of Tokyo would be glad to hear that they will recover the >50% drop in the value of their real estate.

It will be their grandchildren that see a return to the previous highs.

[hinckley buzzard]

Real Estate ALWAYS increases in value

So does the Dow--in the long run. The problem was elucidated by John Maynard Keynes: "The market can stay irrational a lot longer than you can stay solvent."