by Roccland » Tue 03 Jul 2007, 11:43:00
$this->bbcode_second_pass_quote('NotMyBlood', 't')hats whta I'm trying to do...........................
There just arent any buyers..... I have a TH 3 br in a suburb of wash DC. I see other places sitting too. Buyers are waiting. I dont blame them. If I were looking for a place to buy I would wait too. Prices are going down by the month. I think the area has hit a point where sellers are starting to hold tight and buyers are waiting them out. It's a standoff at the o.k. corral. Like I said, Im fine, there is just a little bit of concern that the bottom will fall out and the prices will continue to plummet. If this is really the start of an economic crash, I'll have bigger problems then trying to sell mi casa. A suburb in DC is the last place you want to be if TSHTF hard. Maybe I'll make that vacation in the Caribbean permanent.. I have a condo in aruba. Its small, and I'm not sure what I would do for work, but its got a pretty nice view...
anyway; I posted to this thread because I am concerned about "The Crash". I'm starting to feel it. I think were seeing inflation right now and know one wants to admit it; I know I see prices in just about everything going up. Even the barber shop is charging 2 more dollars for a haircut, cable tv service - up, gas, food, tolls, clothes, even MC'ds, all up. We have a war with no end in sight, global warming to battle, end of a credit cycle, baby boomers retiring, etc etc, and the stock market is setting new highs.....it just doesnt make much sense....
Leave the keys on the kitchen table.
If people think they are gonna sell a house and get out of debt in the next 6 months time and have a fully functional and producing garden...forget it.
Get out now while the streets are clear and there is food on the shelves.
Most don't realize this yet, but MOST will default on their current debt, but they will make that last payment on time so as not to be charged a late fee.