Victor Kaminski

Well people aren't buying cars or homes with gold bullion these days and all the comparisons of and talk of gold in this thread is irrelevant investor speak.

I for one being someone in the real estate business dealing with hundreds of transactions per year have never met anyone or heard of anyone buying a home or a car with gold. Maybe in the rich investment banker crowd but those people don't run in the same circles and most folks to rub shoulders with so that one post with all the gold references is pretty irrelevant.

On of the spin masters said "I have seen it said that it does not matter if Prices continue to decline. It will only matter what prices are when you sell."

Who said that?

Actually what I have seen said and said myself was in response to a lot of the investor talk, (often the same people on trulia pretending to be buyers, sellers or real estate agents using these profiles to spread misinformation and usually those that always seem to talk down to realtors and the real estate market to promote their agendas outcome.)

What I've said is, if you constantly tell people buying now they will lose tons of money because values will go down a little more in a couple months. That statement would mainly effect investors & flippers who will sell in the next couple months or short sell stocks. Otherwise the statement is just flat wrong because those who buy a home for their families to live and grow old in won't likely be selling during this brief down period.

What a reach for straws to spin and weave any string they can grab at. These forums are so unreliable these days with spin masters like this at large. Advice to any serious buyer, renter or landlord, contact a real estate pro directly for data and local market information to help make your decisions vs hucksters here online.

With the lack of moderation in these forums for accuracy or direct deception of people representing themselves as real estate brokers when they clearly are not makes it hard to disseminate the good from the bad, unfortunately making this site a worse and worse resource.

These hucksters also will now spin and tell you investing in stocks is risky, that's true but they do it for a living anyway and several of the regularly extremely negative people that troll this site constantly making these sky is falling posts usually are the stock and commodities short sellers which have plenty to gain the worse the market does. So these people troll sites like these spreading mis information and fear to the public. The thing they wont tell you is how to make a killing in the market by gambling that the real estate market will tank via short selling as previously noted in articles addressing these same folks as they flip flop their good guy persona when confronted.

It is was said "Yet now that values are going down the taxes are not going down. "

Not true, at least in the New Jersey and most other markets I'm aware of. Real Estate taxes can always be appealed. Be sure to check with your local municipality and perhaps an attorney or appraisers that specializes in tax reassessments for your areas rules and regulations for these appeals. Usually an appeal can only be filed between certain dates each year. - A few hours ago