My n-Daily Ranting

Saturday, June 18, 2005

Begining of the end, for Boston housing market

Ok, this singals the begining of the end of housing boom in Boston area. No, I don't relish it. I am no longer a buyer and I probably bought at the height, spring of last year. No, I didn't regret it. Financially, yes. Emotionally, no. We needed it. Our son comes to this world 15 days after we moved in.
Housing will cool down eventually, like the dot-com. The turning point is usually when some people start to call a crash, then more and more follow. After the crash happens, then even more people jumped on the bandwagon and crashes harder. Some say house is different than stocks that you always need a roof over your head. Let's see how true it is.

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