Sometimes someone just says something perfectly! This is a great way to start your day when you think about your real estate investments in this market. Shrinking waistline and shrinking prices...great combos!
In this economy, it seems prices are constantly increasing, and what you get in return is shrinking. Ice cream containers are slightly smaller, and marked up. Same with cereal boxes. Even bars of soap are slightly smaller and prices have increased. Just about anything you can buy has been marked up in price, with less to show for it.
There is one place in this economy where your buck goes further than it would anywhere else. That's the housing market. With home values down and interest rates at historical lows, your purchasing dollar is on steroids. You can afford more house now than you will be able to when interest rates rise and/or home prices go up.
The housing market is the place to truly stretch a dollar right now. If you've been needing more space, now is the time to get out there and move up to that bigger house. Wait too much longer and you're going to feel like I did when I realized the overpriced pint of ice cream I just bought wasn't even really a pint, but smaller.
Get out there and buy what you need and what you deserve while it's on sale.