Posted by: pire April 5, 2011
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Those who are telling you it is a nice deal have no plan to buy it. Those who have money to buy it are holding their money.
We are now seeing a squeeze of those who 'borrowed' money to purchase land/house to profit immediately. I personally am not planning to buy anything until the market shows some sign of improvement. At 25k, I can rent a decent house these days and await for the market to be grounded!:)
Let us know if you could see it. Often people who say it is a good deal are people who don't have to buy or those in neighborhood who are afraid of falling price:)
We are now seeing a squeeze of those who 'borrowed' money to purchase land/house to profit immediately. I personally am not planning to buy anything until the market shows some sign of improvement. At 25k, I can rent a decent house these days and await for the market to be grounded!:)
Let us know if you could see it. Often people who say it is a good deal are people who don't have to buy or those in neighborhood who are afraid of falling price:)