Home > Uncategorized > The Housing Market is Doomed! Really?…

The Housing Market is Doomed! Really?…

Though the general consensus via most talking heads is that things are spiraling out of control there are plenty of voices of reason that are taking a counter stand to that concept.  Here are just a couple of examples:

“…the negative news regarding housing is overblown. Cramer said the Case-Shiller housing data, released Tuesday, confirms stability in housing prices and also verifies that a bottom was reached last year. Yet the bears won’t allow this empirical evidence to be heard.”

-Jim Cramer from CNBC’s Mad Money

Click the link to read Jim Cramer’s: 7 Reasons the Market Stays Higher in its entirety.

“Enough with the Doom and Gloom about Homeownership.” – WSJ 9/16/2010

WOW! If that quote was attributed to the National Association of Realtors or the National Association of Home Builders, it would have been quickly dismissed. However, it was the Wall Street Journal that was calling for the end of the ‘doom and gloom’ talk surrounding real estate.

We are finally seeing a powerful backlash to all the recent claims that homeownership should never have been part of the American Dream. It is about time!

We have been posting on the financial advantages and the other non-financial benefits of homeownership for over a year. We must admit that, at times, we felt very lonely. It now seems that we are part of an ever growing army of believers preaching the advantages and opportunities available in today’s real estate market. Who have joined this cause? Let’s name a few.

The Wall Street Journal

In an article last week, 10 Reasons To Buy a Home, Brett Arends reported:

Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough.

He then posted 10 reasons to buy a home today:

  1. You can get a good deal.
  2. Mortgages are cheap.
  3. You can save on taxes.
  4. It will be yours.
  5. You’ll get a better home.
  6. It offers some inflation protection.
  7. It’s risk capital.
  8. It’s forced savings.
  9. There is a lot to choose from.
  10. Sooner or later, the market will clear.

-From Steve Harney’s – the Keeping Current Matter Blog

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