Calpundit helpfully reminds us that this is not a good time to buy a house.
Thanks a lot, Mr. Sunny-Thoughts.
Let’s see: the US wants the UN to agree to a deadline of March 17. This probably means the war will start March 18. I’m thinking maybe if we buy a house on March 19, the bubble will have already burst…
Unfortunately, this sound very familiar to me too…
Hey, I didn’t say *all* my thoughts were sunny!
Um, you didn’t just buy a house, did you?
No, but we’re just about to… in Silicon Valley, of all places! Whee. Ha.
How much did prices go down by in Japan when the bubble burst?
Japan? Let’s see, as I recall a square meter of land was worth as much as the city of Los Angeles in 1989 and now you can buy a skyscraper for nothing as long as you’re willing to keep paying the cleaning crew. So, a lot.
Ah well, it’s not so bad here, and besides, the bubble has already burst in Silicon Valley. I don’t know if it’s hit bottom, but it’s certainly not at its peak.
Good luck!
Why don’t you sell your house, invest the money in something, and rent a house up here for a while? There are an awful lot of houses for rent around here.
For what it’s worth, the Chronicle seems to think that housing prices are falling.
Because we would, if at all possible, like to avoid moving twice. It may not be possible. We may not find anything. But if moving is hard when it’s just one person, when it’s a family it’s a real pain in the ass, and living out of a box does no one’s blood pressure any good.