Prices drop again, surprise surprise

Every single month I see the same article in the Chicago Tribune, making the exact same point -- Prices for home sales across the country are significantly lower now than they were this same time last year. I'm tempted to go back and see if they are changing anything beyond the actual statistics and the month! It was in today's Tribune again, and I know it will be in the paper in April as well. They've probably slotted it in already. Really, it's not even news anymore. But despite all that, people are still making money in real estate. Today's Tribune also features an article about a house in Malibu that's renting for $150,000 a month. That's right, RENTING. The rental market does seem to be doing really well now. More and more people are renting, and more and more people are buying rental property. Can't sell those condos anymore? Turn them into apartments!