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I’m going to start this off by saying that if everyone could afford to buy a home and make those monthly mortgage payments, then they deserve that house.
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The Future of U.S. Housing... and How to Profit
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Tuesday, 24 July 2007
Last week, I took True Wealth readers on a path the U.S. could go down over the next few years... and described the investment possibilities that come out of it, starting with where we are now... Two of my friends are trying to buy homes here in Florida right now. They're not speculating to get a bargain. Their families are growing, and they need more space.

So they've made a few offers. Comically, the sellers aren't budging on their prices so far... Sure, the sellers hear about how the real estate market is weak on TV. But somehow, the sellers think they're immune.

It reminds me of dot-coms back in 2000. People wouldn't sell their dot-com stocks after they were falling... They somehow thought their portfolios were immune from the obvious wreck going on. They thought that if they didn't sell, their stocks would come back.
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It's definitely not time to be a "stubborn seller" in Florida. It's time to take what you can get, right now, before lower prices arrive. They are on the way...
Source: DailyWealth

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