You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #6: The bottom is going to fall out of the real estate market [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
truthseeker1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-27-04 03:52 PM
Response to Reply #5
6. The bottom is going to fall out of the real estate market
so it's a good idea to sell if you can - otherwise, dig in and ride it out. We're not planning to be in our current home/location for more than a few more years, so it makes sense for us to get out now, otherwise, we could lose our shirts if we wait to sell. But if we planned to be here indefinitely (or for the next 20 years) we would stay put.

We're also trying to and consume less and save as much money as we can. Pay off credit cards if you can - interest rates are going to shoot way up. Expect lots of foreclosures and bankruptcies in the next couple of years.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC