Scott On Money

Owning a home in San Diego I'm deeply interested in trends in the housing market. We've certainly seeing the prelude to pricing leveling or declining in the lengthening of time on market of the homes here. The Happy Capitalist gives his take on the housing prices. I think he's right on with the underlying drivers.

I think the supply and demand factor is localized factor in real estate. Ten miles east of me homes are about half the cost of mine. Ten miles west of me they are about twice as much. These localized markets make prediction a little bit tougher.

I'm spending some time getting prepared for whichever direction the market goes. If it goes down I'm going to look at REITs or maybe buying my own rental property. If rates come down I'll look to take money out of my place to invest elsewhere.