I finally convinced my wife that renting is the only smart thing to do because it is almost like shorting the housing market. I put in a bid on a bank owned house for 240,000 and they said NO Way Jose a few months ago. I just checked and they are now asking 220,000 but my bid just went to 150,000.
We hear a lot about the residential market but do you know how the residential income producing buildings and commercial properties are doing? Is their income and property value holding up.