Tuesday, November 24, 2009
Negative equity
The WSJ's web site has an interactive map that shows the percentage of homes that are in a negative equity position, by state. If you believe that the best time to buy is when blood runs in the streets and you have courage and wherewithal, perhaps the map also points toward the next big profits in residential real estate. If, after all, you believe we are setting ourselves up for some whopping inflation, then now might be the right time to buy hard assets with other people's money.
Yeah, I know. That was a very anti-social thing to write. Sorry.
3 Comments:
By 
Sarah Palin's Uterus, at
Tue Nov 24, 08:17:00 PM:
If you believe that the best time to buy is when blood runs in the streets and you have courage and wherewithal, perhaps the map also points toward the next big profits in residential real estate.
Andrew Sullivan will *not* be sending you a Christmas card this year!
By , at
Tue Nov 24, 08:54:00 PM:
You've been reading my mind -- or maybe my mail. That's exactly the strategy I'm looking at to avoid what looks like a dodgy stock market and hedge against a dodgier dollar.
I figure the R.E. market will bottom out next year.
By 
Jim, at
Wed Nov 25, 11:45:00 AM:
INteresting.......It looks like to me that several of the states that are in trouble also voted for Obama as prez...Im just sayin' !!!
