Vote on whether you think the end of the housing crisis is near, at the bottom of this blog
In case you missed it, the Wall Street Journal published an article titled: Why 2011 May be the End of the Housing Crisis.
While the article, which was published in the Denver Post on Sunday, as well as being available online (and at a link at the end of this blog), did not specifically mention Denver, the arguments presented would be familiar to anyone who has read numerous articles in InsideRealEstateNews.
The Wall Street Journal, among other things, said that:
- Houses are good deals
- Affordability is high
- Investors are eager to buy homes, eating up much of the supply
However, the article said that don’t buy a home with the expectation of making a quick buck. It quoted one expert as saying that you should make a purchase with the idea of living there for at least 10 years. That was a point made in the recent InsideRealEstateNews interview with Lane Hornung, co-founder and CEO of 8z Real Estate.
For the Wall Street Journal article, please visit this link: Why 2011 May be the End of the Housing Crisis.