Housing Panic is just wrong about [tag-tec]real estate deflation[/tag-tec].
Sure, he’s been a little pessimistic in the past but now he sees nothing coming but tsunami sized disaster.
I’m begging to differ with all of that.
Prices certainly aren’t going down in my neck of the woods. And that’s generally true in a lot of areas. [tag-ice]Housing[/tag-ice] values are generally holding steady.
Yes, some sections of the country are in a downturn. Look at Detroit. But frankly, I think that spells opportunity rather than danger. If you know what you’re doing.
If prices go down, I don’t think it will be any more than 10 per cent at the most. That’s my prediction.
Most [tag-self]homeowners[/tag-self] will be safe as they wait for their properties to start re-appreciating again. It’s the folks caught in the ARM web who are upside down in their mortgages who will take the biggest hit.
I debated with myself on whether to send you to the Housing Panic post or not. But I decided yes, give the link.
Mainly because I know you will not be overly influenced by all of this gloom talk.
According to Housing Panic nothing will be safe in this new frightening market. Not even your baseball cards.
Don’t forget gloom and doom has been around ever since I started noticing it while I was still in college.
Which is one of the main reasons I went to college in the first place. To learn how to get the right information.
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