My Analysis On “Existing”
16 March 2012
I could borrow money to get a house right now if I wanted, but why? I’m that paralyzed consumer advice who is expecting everything to get worse… why buy in now when top dollar is still being expected for everything? In a couple years the value of any house I buy will probably be 1/2 of what I paid for it, so I would essentially be shackling a big boat anchor around my leg that no one would buy when I want to sell it… I would be working for the next 20 years just to pay off the difference in my home’s price and its real value…
That’s why no one is buying anything… all the unemployment has shaken the consumer confidence and spooked everyone off from buying anything big now, or in the foreseeable future…
Good job, greedy capitalists! Couldn’t settle for a modest profit, had to go for a killing at the expense of the future, and the future came sooner than expected, eh?