Solutions to US housing prices?

Question

what are your opinions? the more the better pls answer it thank you!

Answer 1

Too low?!?  Did someone really just say that?

Prices are still wayyyyy above historical norms.  For some reason, people thought it was normal that houses were appreciating at 20% annually.  Continue that for 4-5 years and you have houses way beyond what anyone can afford.

Expect a long, slow, and steady to decline for the next 5-10 years.  In Japan, prices peaked in 1991, or 17 years ago, and in many places have still not returned to that value.

In bubble areas like San Diego, we have already seen the highest prices we will see for the next 15 years at least.

The problem?  Prices are too high.  People can't afford to buy!  It's a simple problem with a simple solution!

Answer 2

They are too low right now, but sit tight, things will even out here eventually.

Do not sell if you can do something else.

Answer 3

Rent. Don't buy real estate. Sell if you own.

Renting has its virtues. It's cheaper, it offers maximum flexibility, and it pushes the headaches of maintenance and taxes onto landlords. It can also be a sound long-term investment.

According to Fidelity, if renters save even $300 a month—the difference, say, between their rent and a monthly mortgage payment—that money, invested in stocks growing at only 4 percent, could add up to $114,000 in 20 years. (And that's on top of earnings on a down payment that never had to be made.)

And last: (top two reasons to rent).

* You don't have to kiss your boss's ugly a** just so you can keep your job to pay off that 30 year mortgage.

* You don't have to end up working for your bank like a slave all  your life.