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

3 comments:

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

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

    ReplyDelete
  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.

    ReplyDelete

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