Buying a House: Interest Rates + Drop

[Aimster]

Should I buy now or wait?

This is for investment, so I'm going to be renting out whatever I buy.

 

[OS]

Originally posted by: Aimster
Should I buy now or wait?

This is for investment, so I'm going to be renting out whatever I buy.

Now is a terrible time to buy any property, particularly for either coast. We are at the height of a propery value run up. Most areas now have terrible rent to property cost ratios, rent won't even cover payments.

 

[Aimster]

yeah I figured,

Any idea when the market will get better?

I plan on buying a property in June.

 

[TripleAAA]

You wanna buy mine? I'm selling in May/June. 😀

 

[JS80]

Real Estate will not go down in most metro areas. Supply = fixed, demand increase as population increase, simple macroeconomics.

 

[ElFenix]

Originally posted by: JS80
Real Estate will not go down in most metro areas. Supply = fixed, demand increase as population increase, simple macroeconomics.

that and it doesn't tend to hard crash because people simply won't sell