we decided not to buy a house just now. Granted, there were other reasons, but I’ve often suspected, as Mike Whitney writes, that the housing bubble is going to collapse, leaving people hurting badly.
If I ever do buy a house, it will likely be after this collapse when houses are much cheaper. Of course, the economy may tank with it, so buying houses will be impossible for someone of my income bracket.
Doesn’t really matter… the notion of private property bugs me. I’m not in a hurry to become a homeowner.