Newsflash: Stating the Obvious (Maybe I shouldn’t read MarketWatch)
This year is ‘a bad time to buy a home,’ analyst warns – MarketWatch
This article states so many obvious items that I wonder if I should still read MarketWatch.
- If you lose your job, it might not be a good time to get a house.
- If you have a bad credit score, this is not a good time to get a house or you may have trouble getting one of these great, low-interest mortgages (which you probably won’t be able to get even with a good score since banks are still too scared to lend)
- If you aren’t planning on staying in a house for 5-7 years, it’s not a good time to buy a house. Because people are really thinking this is the right environment to be flipping houses. Right…
The part on unemployment is good. Talking about issues around unemployment is almost always good – very important, and people need to see past just the number of people without jobs and towards the impact that stat has on the overall GDP and economy. But the housing stuff is just weird.