Redfin agents telling me NOT to buy yet
invite response
2011 May 12, 2:36am 23,112 views 52 comments
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bubblesitter
2011 Jul 26, 2:57am
bubblesitter
2011 Jul 26, 2:57am
Its not about price...it's not about interest rate...it's about affordabilty...no other time in history have we had low prices and low interest rates. Stop trying to time the market..no one can. The one thing you can count on is inflation so you'd better own something other than cash.
Read my blog here: http://www.reoavenue.com/crystal-ball/
Nice first post. LOL.
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Well all these threads about how things are going up and how hot the market is...I have taken two tours with Redfin agents in the past couple weeks, one in the Pleasant Hill/Walnut Creek area, and one in the Hercules/Pinole/El Sob area. When I was disgusted by the condition and prices, both agents told me that they would not buy now. Word on the street is the market IS rigged, the banks are playing games, and Bank of America is getting ready to start listing their tens of thousands of foreclosures from BAC/Countrywide after a nearly 1.5 year moratorium.
The agents have seen what is in the pipeline and it's a Hoover Dam that is about to break.
#housing