Take a few minutes and consider the comments made recently by Robert Shiller. "People have gotten very speculative in their attitudes towards housing . . . " wasn't speculation what got us into the mess in the first place? Are you prepared for the housing market languishing for many, many years? There are literally years of inventory not yet on the market, being held by banks who have foreclosed, or intentionally stalled foreclosure proceedings, which will at some point need to be liquidated. This is going to very ugly for many many years.
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http://finance.yahoo.com/tech-ticker/article/278952/%E2%80%9CAnother-Bubble%E2%80%9D-In-Housing-It-Could-Happen-Says-Yale%E2%80%99s-Robert-Shiller?tickers=UMM,DMM,XHB,DHI,KBH,LEN,PHM&sec=topStories&pos=8&asset=&ccode=
