[asphaltgambler]

Tried to find the source, could not. The article was written from the point of view of an expert on personal finance concerning the new or first time home buyers. Where basically in the current economy, for all sorts of reasons, that renting is more financially sound principle than to buy given the current market.

He had demonstrated that the stock market had consistently out performed real estate over the last twenty years. To the tune of 11% vs 6% averaged. That the current real estate market will bounce at or around the bottom for a while until.......................

Cost of borrowing $$$ starts to increase. That the Feds are to some extent subsidizing low interest rates by "proping up" and being that prime rate is the lowest since the 1940's that the cost of borrowing has no where to go but up. You know what happens to real estate prices when the % goes up? - price effectively comes down - a logical inverse relationship.

Couple an increase of say 2-3% on the consumer end for borrowing - add all the homes that have been foreclosed on, but not on the market and the homes that are in the process of foreclosure and values will drop further than most anyone can predict

Anyone here see this article or can chime in with their point of view?