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Don’t buy a house

May 10, 2011

Real estate has to be one of the worst investments around right now. Please provide me with any compelling reason, just one, to buy a house right now?
>the home buyer tax credit ended. it was arguably the biggest savior of the market on the first dip.
>Case shiller is showing that prices are firmly into a double dip Who wants to buy sliding prices?

>Property taxes are going up. Ct, for example, is going +4%

>Mortgage rates, while still historically low and off highs have no where to go but up.

>Prices on everything along with tax rates are rising, meaning people will have less income for things like housing.

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