The desire to own your own home, long a bedrock of the American Dream, is fast becoming a casualty of the worst housing downturn since the Great Depression.

Index expected to show new low in interest in homeownership - ContraCostaTimes.com

I commented about four years ago that you will know the real estate crash is over when EVERYONE agrees that owning a house is just dumb, that the market will never recover, and that home ownership is dead. This was one of the ways one could have known that the 2009/10 “recovery” was a head fake. People were “buying the dip”. If the story above gets more and more common and conventional wisdom moves against owning a house, that’s when I will be a buyer and when I’ll believe that some kind of bottom is genuinely in.

Source: contracostatimes.com

4 Notes/ Hide

  1. katiebakes said: yep yep yep.
  2. wiesen posted this