Housing Crash Is Hitting Cities Once Thought to Be Stable

Housing Crash Is Hitting Cities Once Thought to Be Stable

Despite all the pessimistic view that housing prices have not hit the bottom yet, somehow I think it has. It has dropped below a point where it is attractive for the foreign investors, especially chinese investors who are trying to laundering the dirty money out of China.

What makes a better investment than buying or investing in real estate in the US? I believe that the overall housing prices will gradually rise from then on...The worst is over when the government cannot persuade more house buyers with lots of money incentives on top of the historically low rate.

Yet I think it will still take years for the prices to rebound back...I currently own a house too and I am underwater for about $30k...Yet I will be patient and just let this investment ride. I am living in it too so it does not hurt that much.

Hopefully this kind of new money and investment from foreigner can boost the stock market across the board. Then again I can only hope. KBH is down quite a bit at the time of writing, my account is back down to $10,900.

Eastvale tract largest since '07

Eastvale tract largest since '07

I like how they are investing at this financial turmoil time. I think their investment will turn out great. I am currently holding KBH still. Last week was a bit bad for KB homes or the entire housing sector.

However, for the next half of year, I will put my money in the housing segment of the market to see how things will turn out. I think that if any good news come up, people will become more optimistic about the sector which means better prices and profits that come from higher stock prices.