http://megood.wordpress.com General Real Estate comments Thu, 30 Oct 2008 19:00:04 +0000 en hourly 1 http://wordpress.com/ http://s2.wp.com/i/buttonw-com.png http://megood.wordpress.com http://megood.wordpress.com/2008/10/22/housing-boom-or-bust/ http://megood.wordpress.com/2008/10/22/housing-boom-or-bust/#comments Wed, 22 Oct 2008 14:53:29 +0000 Max http://megood.wordpress.com/?p=3 ]]> Of course, that’s an almost ridiculous question, but one that’s on almost everyone’s mind these days.  The answer, of course, is that no one knows.  There’s a lot of speculation, but that’s all it is.  It does appear however, that maybe we’ve hit the bottom.  It will probably remain stagnant for a while and then slowly begin it’s historic rise of some 3 to 5% per year.  If you bought a house during the “boom”, you probably paid top dollar.  If that’s the case, don’t plan to move for a long time, or plan to lose money if you do.  It’ll be a long time before houses reach that level again.

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