What’s the forecast for 2007?
A lot more of the same.
I have read the gurus that write for the big financial publications, but the blogger Property Grunt gave the best advice:
“Those of you need to buy, make sure you can afford the payments and stay the hell away from interest only or exotic mortgages. Stick to the tried and true fixed rate. Those of you who wish to invest, remember to do your due diligence and if the deal doesn’t make sense. Walk away. The cashflow has to make sense or you are going to royally screw yourself over.
If you are a seller, exercise common sense and consider reducing your prices if you are not generating interest. ”