Saturday, March 01, 2008

Maybe I'll be able to afford a house soon

More foreclosures than home sales in California in January.

And the wave of rate resets isn't even done until mid-summer...

My advice if you're looking to buy a home in California: Wait. We ain't anywhere near the bottom of this thing yet...

-- Badtux the Finance Penguin


  1. I'll be sure to wait. I have a feeling everyone is going to be waiting a long time.

  2. And good luck to all of us as we slide down what Tom Lehar called "the razor blade of life"!

  3. nope, according to some hard core real estate mavens i know, we ain't even close to the bottom. and both of them predict that the fall will be sudden, sharp, and far.


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