Bought in 2006 when house prices peaked. fortunately I sold my home for my price before the market crashed. I would like to move but it doesn't fit investment philosophy (i.e. bought high would have to sell low). It doesn't appear from WSJ headlines that the housing market is going to recovery anytime soon.
Two people I know bought up at Saint Charles and were offered 5% discount to build immediately rather than waiting for one year. both of their homes are built and they are renting them out as they both still work.
I should have considered renting
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