Two spots of congestion on my way to work today--that was a rarity. Got a meeting with the big cheese tomorrow, hopefully it's good news, grad students can't get fired can they? Just another busy weekend for me. Worked a full day Saturday to keep my Sunday free with my son--Easter you know. Man, this skin problem of his is not letting up. I have to try to get him some good ointment. Reminds me, gotta head to the pharmacy. I re-edited some content on my blog, you probably won't notice the change as of yet. Added another newsfeed to the left side panel and will continue to edit the CSS file to get a more consistent look with the rest of my website.
When will this housing market die down? I'm too afraid to buy in at this price, even though I'm getting the spousal pressure to do so (if only she'd see how bad things will get). Some housing areas that my wife and tracked have seen their market value raise a whopping 50% in a matter of 3 years! This is crazy people! Don't you know that this is a bubble?!? Don't buy into the hype--my prediction is that when the Fed raises the interest rate (right now Greenspan's scared to touch it, since the economy right now is teeter tottering) things will at least start to plateau. Some of you who are lucky enough to buy in the right areas, won't get hit much at all, but for the rest of us average joes, we'll see our real estate value plummet! After the war is over, after North Korea is in check, and after Bin Laden is accounted for (well, that's a big if), defense spending will also slow down and the DC area job market will follow as well as the other half of the economy. Hard times to come with this real estate market my friends, can't count on a good thing for long, look at what happened to the stock market 3 years ago. Alas, just my luck, I will probably give into buying a place at these prices and will be hit hard.
Posted by johnvu at April 21, 2003 01:18 PM | TrackBack