Friday, October 10, 2008

Cheaper In The Future

VERNON SMITH HAS advice for today's renters:
"Housing is one-third of all U.S. wealth, totaling $19.4 trillion in the second quarter of 2008, according to the Federal Reserve. Almost all of the mortgage debt on those assets will be paid. Only a subset of homes funded recently with low down payments at unsustainable prices are at risk. All of you who rent -- a respectable American tradition -- can look forward to buying more cheaply in the future. Take your time."

1 comment:

Blogger said...

eToro is the #1 forex trading platform for new and advanced traders.