Posted on 09/21/2007 8:14:20 AM PDT by Hydroshock
Same thing happened in 1990, and again around 1998. Housing values are cyclical. They’ll go up again, and the only folks who will be hurt by this are the ones who bought their homes at the HIGH of the market, two years ago, and are going to have to sell their homes during this cyclical low. If you don’t HAVE to sell, you shouldn’t have to worry. Values will rise again in the next year or so.
That's a terrific feature! Our #1 son bought a condo in Somerville MA when he got his first job. Turns out, they're planning a Metro stop about a block from his house! It's gonna be terrific when the thing gets built. Condos near Metro stops generally sell for $20K - $30K more, all other things being equal.
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