Some prognosticators are predicting a double-dip recession. Experts like Jim Cramer from CNBC disagree.
Is there a double-dip coming? Signs are not clear but it is possible, but the real question is, will a another recession deflate the real estate market again?
Gee, I hope so!! I got so many bargains two years ago and now the investor market has dried up and there’s too much demand vs. supply. Personally, I’d like another crack at it to buy 2 dozen more houses to hold onto for the next boom. Whether or not we go into a double dip recession, 10 years from now it won’t matter. Sure, people who buy for short term appreciation will get hurt by a D.D.R., but that’s their fault – I’ve always advised against short term appreciation swing investing and instead encouraged people to buy and flip or buy and hold long term (10-15 years).
