If you are a homeowner, take a look around your house: like it? Doesn’t matter. Good or bad, you’re probably going to be there for a while.
Sure, some people will sell their houses this year and maybe for even close to what they got for them a couple of years ago. But for most of us we’re staying put. We can’t afford to leave – either because we can’t afford something where we want to be, because we can’t bear the thought of losing precious “equity,” or simply because ain’t no one buying.
Yes “but,” you say, “isn’t the housing market bottoming out? Won’t it all start getting better soon?” Continue reading