Prices of houses going down again

Older New York Times article on the prices of real estate. It seems to assume prices won’t bottom out. I’m not so sure.

Let’s see how the financial system holds. It wasn’t a good time to buy a house to begin with, but right now is particularly dangerous. If prices are going to bottom out again, best bet is to wait again.

I’m not sure what the financial system is like nowadays, but a financial crisis is an option.

© Koos Swart 2013