Orlando we have a problem

If you want to barely break even over the next 5 years, buy a house in Houston, Dallas/Fort Worth, Kansas City, Cincinnati, Detroit, Indy (home of the evil Colts) or Cleveland. That is if you want to break even not accounting for the closing costs which would still put you in the red. See here for more on that.

If you live anywhere else and you feel like losing a ton over the next 5 years, buy a house.

The gory details and analysis from Fortune Magazine is here.

If you own a home in Orlando my only advice is SELL ASAP.

This is 3 MSM stories in one week about the oncoming crash. Welcome to the party boys and girls. A little late but nice of you to show up. Wonder what the Natioanal Association of Realtors will have to say....here's a guess: NOW IS A GREAT TIME TO BUY!