[Windcatcher]

That's what I'm doing. Prices in southeastern PA are absolutely insane with the low rates. I'm quietly stocking away cash and waiting for the inevitable drop.

[bat1816]

All my friends and coworkers are pushing me to buy a home saying "prices will only go up." Of course these are the same people that said the stock market could only go up.

Look at Japan's real estate market since the early 1990s...it's dropped by nearly 70% in some places. There's a good book out about the coming US real estate bust, but I can't recall the title or author right now.

[bat1816]

All my friends and coworkers are pushing me to buy a home saying "prices will only go up." Of course these are the same people that said the stock market could only go up.

Look at Japan's real estate market since the early 1990s...it's dropped by nearly 70% in some places. There's a good book out about the coming US real estate bust, but I can't recall the title or author right now.