the house price is down .

Hell no! I hate to say it but I want the economy to get even worse than wht it is so the real estate market can crash! I need the prices to go back down the way they did when my parents brought their home back in the late 80's. Alot of our parents homes are paid off because the homes back then were going for $80,000. They have alot of equity in their homes. The only problem now, is that my parents want to retire and move back to the south, and I wonder how long it's going to take for them to sell their home. The price of homes are very high, but then again it is a whole house. It's crazy to think that in places like texas, you can get a home for the same price of an expensive car. If the prices come down to the $100,000 range that would be great for people like me. But either way you're screwed. People are more likey to rent these days cause they don't wanna risk loosing money on a purchase of a home since the job market is so scarce. Anyone buying a home now is taking a risk. They say if the economy doesn't improve, anyone buying a home will be loosing money since you won't be making any profit on the re-sale of the home itself. It's a good time to buy a home, that's if you can pay it off right now. If it's gonna take you 30 or more yrs you might be screwing yourself. At the same time paying rent sucks as well. At the end of your lease the rent goes up all the time. No matter what you do in life you just can't win! if you buy a home your screwed, and if you pay rent, your're still SCREWED!!!!!

I thought buying properties is a good investment and if the prices of houses are going down in your country then it is a good buy now. Definitely as the population keep increasing the prices of house will go up. In my country the prices is still stable and do not see the prices going down any sooner.