Originally Posted by
jungle
Good points all.
Bubbles are more predominant in some areas, some areas are more prone to real growth, some areas are prone to large scale economic exodus.
Choose carefully. Pay cash if you can.
Don't buy a white elephant in a high tax, low growth area.
Go to Zillow and check out the Denver area. Wholly sheet! 16% annual appreciation. We are well above the 2007 peak. I think it's time to harvest and put some serious coin in me pocket...perhaps go out to the west coast, soak up the sun, and rent. Debt free. Or head on down to Houston and easily pay cash for a house with this kind of equity. Thanks to this incredible stock market run, the college funds are more than adequate for the State schools my kids attend. Yessir, debt free is for me (and my kids). Good article.