More housing market pontifications

From Bloomberg: To say that ex-housing the economy is doing just fine is tantamount to claiming that, ex-Iraq, Bush’s Middle-East policy is a rousing success.

The thing is, I still eventually want to buy something. And if I were absolutely sure I’d be there for more than five years, I’d be tempted to buy, even now. But I don’t have the job security — unless they have tenure, nobody does– to be sure. Buying a house is a bet, it seems to me. And I am not a gambler.

Where do you see yourself in five years? Can you say with confidence that you’ll be able to pay the same amount of money for housing?

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