Housing Bluezzzzz

Yah, if your long... that is -you own real estate, your black and blue... but if your not, your feeling no pain. If you were eyeing that island up off the coast of maine that was 150k with 10 acres and a pier in 1991 and hit a high ask of 1,200,000. some 10 years later ... your sayin "let her rip"! But alas, according to the real estate lady on TV, every market is different... not!... and according to your beloved R.E. agent there could never be a better time to OWN a house. Well, that's crazy! when you put together the taxes, mortgage carry cost, maintenance, and depreciation... yes out right loss of mkt value in a bear market... you should rent not own. In truth our govt has made renters of all of us, as the fantasy of property ownership in the US is just that, don't pay taxes(rent) and see how long you'll remain an owner...  real estate is going lower- don't buy it.