Happy New Year 2012! We’re SO DONE with 2011, and don’t have to hear any more Negative Nancy Nay-Saying about the housing market!
Besides, if you’ve been paying attention, you already know that all that housing bear news you’ve been hearing from the usual suspects doesn’t even APPLY in the Real Bay Area! Things in the RBA could not be better, and 2012 is the year that market conditions start TRICKLING DOWN for everyone to enjoy.
Let’s examine some of the excellent conditions in place for you to BUY OR SELL A HOUSE THIS YEAR.
First, there will be PLENTY OF FORECLOSURES. This is a GOOD THING because it will ensure PLENTY OF INVENTORY to choose from. That means PLENTY OF OPPORTUNITY for you!
INTEREST RATES on mortgages will remain low. Or maybe they will quickly rise. LOW rates are good because you can buy MORE HOUSE. Rates going up are GOOD because you can lock in today’s low rates and laugh at the LOSERS who waited. But you’d better lock them in TODAY.
Why are you still reading this? Go LOCK THEM IN! Get going and BUY A HOUSE!
JOB CREATORS won’t get their TAXES RAISED no matter what Obama says. As long as Wall Street continues OCCUPYING THE FEDERAL GOVERNMENT, there’s no chance of any millionaire tax. And even though banksters don’t create that many jobs (heck, they just use all that cash as insulation in those drafty castles), fewer jobs means YOUR MONEY WILL GO FURTHER because you won’t have much competition. And if you don’t have any money then why the heck are you reading a real estate site? Go look under the couch cushions, you can probably find something.
Meanwhile, the EMPLOYMENT OUTLOOK shouldn’t have anything to do with home prices. If you have a job, buy a house! If you don’t have a job, it won’t be long before another bubble, and you’ll be able to buy a house with a no-doc loan! You can fog a mirror, can’t you?
HOME PRICES FORECAST: RBA Real Estate only goes UP UP UP! Non-RBA Real Estate is not worth considering, so save up for the RBA. Real Estate in areas that aren’t even in the Bay Area? Choose wisely, knowing you’re probably going to lose it all.
This is an Open Thread. What are your predictions for 2012, other than the world will end?