It’s Op-Ed Friday, and it’s been quite a week. The Doom sidebar has been living up to our name, with depressing news ranging from the builder confidence report to our new favorite soap opera, As Bear Stearns Turns.
We turn then for a little comic relief to Blanche Evans of Realty Times. I loved this quote from her article When should homebuyers jump in?
If you’re a buyer, you sadly realize that to get the home you want at the price you want and the interest rate you want to pay will be nearly impossible. If you’re lucky, you’ll get two out of three. So, if you’re waiting to see what other buyers are going to do, you’ll soon find that once buyers move collectively, they will either drive prices down or drive them up. If prices are down, but likely to recover, do you really want to compete with other buyers on the way back up?
In a word Ms. Evans- yes. I’d much rather be competing with other buyers on the way up than on the way down!
Any other silliness or seriousness we should know about? Doom as always is anxious to read your links, comments and ideas.
