Buy a house, if you have a 10 year horizon!

I like when there is hope. How about you? I like when there is energy. How about you?

If you want to learn where we can see one and how we can develop it, read this from the following link. I respect Chris Farrell who narrated it this morning in a program called Marketplace on American Public Media.

http://marketplace.publicradio.org/display/web/2011/09/23/mm-its-a-great-time-to-buy-a-house/

Comments

Post a Comment

Popular posts from this blog

Evergrande China may not be that Grand after all

In 2012 there were numerous empty apartment buildings in many of the burgeoning Chinese cities leading some experts predicting a collapse of the housing market bubble in China. But, it did not happen! This past week, news shaking the stock markets was from the biggest builder in China, Evergrande, that it was about to default in its liabilities and on Thursday the deadline to avoid default passed without any effect to the world stock markets, on the contrary, the markets went up! One wonders why and what's all this about.  The only explanation for all what seems to happen in China is to be taken with an awareness that China is a very difficult economy to predict with clarity as the numbers available to compute data analyses are generally opaque. The sum of its parts even more difficult to predict. Evergrande, may just be the tip of an iceberg that may involve more than a big chunk of ice.
Read more

New reality for the times we live in

We are living in unusual times. A once in a century phase. A rarity. Call it whatever you think best fits the situation. The truth of the matter is its real and its here to stay. What I am referring to is the economic woes of the present times. I am more than convinced that the summary of the present times is leading to most certainly the worst decade of economic opportunity and wealth building. In turn deterioration of living standards. Not just for the middle class but every class from the rich to the poor, in all countries of the world. One could endlessly debate the causes, the strategies, the lessons from history, etc., but no policy maker or political leader or pundit is sure as to which one or combination of measures will work to help us dig out from the hole. Most would agree that if one thing needs to be present for the economy to look up, it is confidence. Consumer confidence! This is at its lowest ebb. Experts are arguing about the approach to raise the confidence. But we...
Read more

Wow...markets above their 2008 highs in less than 2 months....?

I have to admit the market upswing was more than anyone expected, leave alone my prediction in January 2012 end. Not all analysts agree that this will be the trajectory stock indices will take for the rest of the year. Some fear the following probable negatives could derail the upswing: 1) a possible Iran conflict, 2) continued current Chinese slow down and 3) Greek crisis & European contagion. At least we can say with relative confidence that the double-dip recession is not a threat. Stocks are a leading indicator and from the way it looks we are going to be in the thick of business activity within this year end. Usually presidential election years are a positive year for stocks. Already several pockets of the US are beginning to have full bookings of hotels, resorts, etc. and skilled labor force is busy till the end of the year. If the summer does not scorch the stocks for any reason, we should well be seeing the economy rebound in strength. After all, these boom and bust cycl...
Read more