[artplumber]

Originally posted by artplumber
I don't know about the Kali real estate market for sure, but I doubt whether things are headed down. They may be flat for a while, but unless alot of these loans start defaulting that is not going to happen. Maybe continued fuel price increase and jobs going to China will do it, but I don't think that anyone can reliably predict what will happen.

As I said, the market doesn't completely make sense. May be flat for a while. But people have been predicting its demise for some time (see prior links) without a significant pothole. Wayne, seems to be uncomfortable with buying for mathematical and other reasons, ergo he shouldn't buy. Buying a home purely as an investment is not the best business sense and could have a major negative in portfolio value. Hence diversification is important. Personally, I would buy, being careful of what I do buy, but Wayne doesn't sound like he'd be adequately sure of his choice. Frankly, I think if it's going to be an interim living solution, I'd make it a duplex, get some income to offset the mortgage and serve as a later source of income even when you don't live there. However, this takes a commitment of being a landlord which isn't necessarily something that everyone wants to do.