Yesterday afternoon I received the following friendly mass e-mail from our resident ziprealty.com representative and real estate expert, Jennifer Fisser.
This PDF was attached to the e-mail.
The bubble isn’t bursting here!
Please see this breakdown of renting vs owning.
I thought you might find it of value.
Hope things are well.
Licensed in California
Licensed in Washington
Toll Free: 1.800 CALL ZIP x4824
My Profile: http://www.ziprealty.com/agent/jfisser
Pick any complete sentence out of that PDF, google it, and you’ll see that this article is being circulated all over the place.
Can you smell the desperation?
“Nearly a full third of households are still renting…but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these “echo boomers” could mistakenly decide to put off the purchase of a home because of all the noise about a “bubble” in home prices.”
“No one should ever have to lose there [sic] home and live on the street, especially when you have already spent half your life building your career”
Irony at its finest.
(Darren Meade, American Chronicle, 08.19.2006)