Monday, February 14, 2011

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.
Posted by SkyBlue at 7:47 AM
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14 comments:

  1. BdgorshFebruary 14, 2011 at 9:31 AM

    Isn't investing in real estate a bit too much long-term investment?

    ReplyDelete
  2. GADAFINYFebruary 14, 2011 at 10:05 AM

    great stuff thanks

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  3. poupsFebruary 14, 2011 at 10:16 AM

    housing crash have touch all developed country !

    ReplyDelete
  4. D.February 14, 2011 at 10:18 AM

    I hope this kind of new money and investment from foreigner can boost the stock market across the board.

    ReplyDelete
  5. gcphillips1February 14, 2011 at 10:32 AM

    There will always be booms, there will always be busts. Be patient and your house price will climb again, be wary, in about 10 years or so expect another bust!

    ReplyDelete
  6. Nik MekeenaFebruary 14, 2011 at 11:39 AM

    cool stuff

    ReplyDelete
  7. JordanFebruary 14, 2011 at 12:41 PM

    investing in houses is a great way long term investment i think

    ReplyDelete
  8. LeviuqseFebruary 14, 2011 at 2:32 PM

    i want to invest in houses..
    but i dont have the money!!

    ReplyDelete
  9. BubiFebruary 14, 2011 at 3:14 PM

    nice info dude

    ReplyDelete
  10. MeltedsnowgirlFebruary 14, 2011 at 3:23 PM

    Glad we bought when we did then..

    ReplyDelete
  11. GFebruary 14, 2011 at 3:37 PM

    good info

    ReplyDelete
  12. Improve your Vocab!February 14, 2011 at 4:27 PM

    interesting stuff. i can actually understand and digest this information, unlike most stuff posted about this.

    ReplyDelete
  13. thorxliveFebruary 14, 2011 at 4:45 PM

    Nice post man, love to have to spare cash to invest something that big.

    ReplyDelete
  14. Bring_NapkinsFebruary 15, 2011 at 4:38 AM

    One day I'll get the money to invest in such a lucrative investment opportunity.

    ReplyDelete

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