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Recently I've become very annoyed at the concept of rent. I mean, you pay the money each month and it's gone! I don't think it would bother me if everyone in the world was renting, but knowing that some people have mortgages where they are slowly accumulating equity drives me mad. I need to save up for a downpayment pronto so I can buy something.
Because of this interest in housing, I keep a tight eye on news that the housing bubble is near bursting. There was a fascinating article in the NYT today. You can read it without registering at The Denver Post. Apparently housing price increases have slowed to just above inflation in Denver. Now, this is probably because of a weak telecom sector, which is a major Denver employer. But hopefully it's also a sign of things to come. One other fascinating is in Kiplingers) which establishes probabilities of housing price decline. I note sadly that except for DC the cities I intend to be living in after graduation do not make the list, and DC doesn't rate as that likely to be facing a decline. But hopefully things are worse than expected and yours truly will be able to get his grubby fingers on that central facet of the American dream: homeownership, baby.
posted by weiss @ 8:53 PM
