You can believe what you wanna believe, but as the song went, you don't
have to live like a refugee!!! Sure the whole real estate bubble could pop, and
home values in some areas can go down by 50%, but still Joe, you and your
family still need a place to live. With business bad, you may be getting
special deals from contractors, sub-contractors and the like. So if you can
get a construction loan why
not go for it.
The interesting thing is you can also use these loans for a
home renovation, which
overall, may be a cheaper and nicer option than going fully into the real
estate market. My sponsor thinks, in any case that this may be the right time to
do it, baby.
Yes, maybe the Ice Age is coming, like the song goes, the sun is zooming in.
And then there is always (the fantasy of) global warming. However, if the
politicians get their act together, perhaps normal life can continue. If it does,
why not consider even a home equity loan. Good luck, I think we're all going to need it.
