As the saying goes, "What goes up must come down." But in housing prices it might be better said now this way: "What goes down, must keep going down" and that is exactly what housing prices continue to do in many areas and certainly on a national level.

It is not my intent to beat a dead dog or a dead house for that matter, but for whatever reason there are still Christians and other people out there still buying houses and getting ripped off. As Christians we should be of a sound mind, discerning the times, wise, prayerfully seeking God and good council, but I am afraid that very few Christians are...else they would not be buying the lie that it is ok to buy a home right now.

I am not saying that you shouldn't buy a home at all right now. I am saying that if you do, you better get the facts, the real facts and know what you are doing.

We've all made mistakes and I've made more than my share, especially when it comes to finances and housing. And that is why I am so passionate and adamant about this...I don't want to see others financially hurt. Like a prophet or watchman, I feel called to proclaim these warnings to the Body of Christ-and just like Israel didn't listen to the prophets that God sent; it seems very few Christians listen to warnings from others as well. A no I don't think I am a prophet.

I have some very basic rules of thumb for buying a house right now. They are:

1. Pay cash: Do not go into bondage and debt slavery for created out of thin air/counterfeit, unrighteous money and be unequally yoked and in covenant with a secular lender.

2. Find a property where you can generate some wealth with it. By this I mean, any place where you can grow your own food and have some livestock (chickens for eggs and meat, goats for milk and possibly even a cow for milk or meat). It doesn't take a lot of land to do this.

3. Find out these things:

   1. Average price of comparable home that was a resale or new construction.

   2. What foreclosed/distressed (not necessarily in bad shape for most aren't) properties of comparison are selling for. This may be harder, but figure about 25% less...that's the average.

4. Pay 25% or more less than what the average foreclosure price is.

The math might look like this:

Average price of a resale home = $200,000

Average foreclosure price = $150,000 (25% less than the resale)

Sale price = $112,500 (25% less than foreclosed properties or about 44% less than a resale)

If you don't think this is possible, then think again...IT IS and people are doing it. Just keep looking.

Enough of all that, here's some headlines:

Squatter Nation: 5 years with no mortgage payment

HOLY COW: Robert Shiller Could Easily See Another 25% Drop In Home Prices

"If home prices fall another 10 to 25%, that "wouldn't surprise me at all," Robert Shiller told Reuters Insider today. Shiller says that the recovery is at risk right now, and a further rise in unemployment would hint that another recession was imminent."

Housing Bubble Correction: Fifteen Years to Revert to the Mean