Quote:
|
Originally Posted by CrzyCanuck
I can't wait until people start defaulting on mortgages, and I can pick up a few rental houses cheap. Maybe in 2011....
|
That would be nice. I really wish the market would crash. It's great for everyone that's in a house now or selling and watching the value soar. But for the first time home buyer it's making it impossible to even get in the market. The minimum 5% downpayment keeps getting more and more as the prices go up. Over the last year the prices for the house we're looking at have gone up almost $100,000.