OfflineSome of the markets are looking like great opportunities. Others (like Detroit) look not so great.
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http://finance.****/real-estate/article/104619/How-Home-Prices-Fared-in-...
National home prices fell 8.9% in the full-year 2007, according to figures released recently by the Standard & Poor's/Case-Shiller Home Price Index.
"Wherever you look things look bleak," says Robert J. Shiller, chief economist at MacroMarkets LLC, which recently sold its rights in the indices.
Of the top 20 markets tracked by the index, 17 of the metro areas reported annual price declines and the remaining three reporting flat or moderate growth rates. Also 14 of the metro areas are reported record lows and eight are in double-digit decline.
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It is my experience that this whole topic doesn't really matter. I don't mean to say we wont use it in our investing.
My point is that we need not care too much....
What I mean is that we need to understand that we can make money in any market.
Its all about the MATH. Good deal is a good deal! Do the math and stick to it.....
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