Friday, June 08, 2007

Let the boycott begin!

Thinking of buying a house now that it is a "great buyers market!" You need to keep thinking, and thinking, and thinking about it. My guess is you will be better off to think about it for at least four years, as only then will prices stop their downward fall.

I got one of the best laughs of the month when reading this article today. Basically it is about a guy who is pissed off at a neighbor for lowering his own house's selling price because of the writer's big plans to earn riches from selling his house next year. It is as if the neighbor is intentionally doing it to screw with the guy. So a little education is in order: sellers don't set the prices, buyers do!

So as buyers you have the power now. The number one thing you can do is not buy until prices return to reality, the more of us who do that, the less time we will have to wait. There are lots of reasonable spots to rent until the sellers finally come to their senses.

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