article i read on current state of housing

[Scott W.]

In 2012 new home sales were at the second lowest level ever… in history… since they’ve been keeping the numbers, for 40 years. So anybody who tells you that the economy is going gangbusters and is back on track is passing you something we should all be sharing. It’s just not the case yet. And it makes me really nervous that we’re out there buying homes and doing what we need to do… and what’s really going on is a big, huge disconnect in DC. They’re trying to solve the world’s problems. There was a story I read this week that basically said the world is looking at what Ben Bernanke is doing and trying to figure out how to respond to it so that their economies don’t go into freefall. That is how much everybody is depending on the US… and so that’s why the stock market continues to sky rocket. 15,000 is a really high level, right? We’ve come all the way back from where we were at 6,600 to 6,800 in 2009. So we’ve more than doubled, but it doesn’t mean everything is fixed.

[J Scott]

Yup, that's why I recommend that all other investors stop buying investment properties. Especially investors in the areas where I like to invest -- they should be the first to stop buying and find something else to do with their time.