OK, maybe you always wish that.  But think about the bigger picture for a second…interest rates are very low (see WSJ article on what low rates are doing to the refi market) and in many markets housing prices are down 30%!

I’m not a real estate historian, but that is a pretty amazing combination of factors for those of us thinking of buying our next house.  I’d be curious to know how often those two lines have converged to this extent over the past 100 years.

The trick is that many of us have lost the equity in our homes that would enable us to make that purchase.   And even if you haven’t lost that, you need a job you feel secure in.

Oh and then there are the banks.  Capital costs for them have obviously come down recently, but for lots of reasons they aren’t interested in or able to take risks.

So as a result, our old friends supply and demand know about each other, and are mutually attracted , but just can’t seem to meet.

Still, there has to be opportunity out there for those of us bold enough to take it.

Lately I find myself thinking about creative ways to generate enough cash to buy some investment property, and/or move into a new home.  Maybe form a small private REIT type thing with friends, gamble with my son Cooper’s college fund (sorry Beth), liquidate all unnecessary household items, and so on.

Because I’ve got a sneaky suspicion that those of us who do take those chances now, are going to be buying the drinks at the 18^th hole down the line.

alex

Alex Chang

CEO

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