Reelestate

You have to ask yourself, would you buy the condo again for the amount you can currently sell. If you would, then keep it, if you wouldn't, then sell it. It's nice to be optimistic about real estate prices, but here in SB (Goleta) we've had such a run-up in prices over the past decade that a further correction is reasonable. Not to mention interest rates can't get much lower and will likely rise in the future, which will keep property values depressed as people will be able to afford less, at elast until real wages rise. - Wed Sep 9 2009, 15:20