Invest in Real Estate!
 

If anyone remembers the real estate market in 1989....its happening again! Invest in buying houses and rent them out to have the mortgage paid for 2-3 years....it will go back up!

Home prices down 24% so far since last rise....

down taht much? wow no wonder no ones moving

Now is a great time to buy if you have the money to sit back and wait for the market to bounce back but it could take months or years to get back up.

yup...check it out

http://www.car.org/index.php?id=MzgwMTY=

If you think its a great time to buy now give it another 6 - 12 months.

That will be an even better time to buy.

If you are near Mass this is 100% true. Wait till the real problem of universal health care takes place. Super high taxes, people forced to pay $1000 a month for health insurance (not health care, they are two different things) will take its toll around then. But hey, if you live in Mass you will only have to pay 100% of ER visits and $50 for doctor visits!

Everyone I hear from says wait another 12 months... though they have also been saying that for two years, hehe. Still dropping.

just bought a house. not only do we love it but we got it at a very good price :thumbsup

Ya ill look at the economic indicators in 6 - 12 months and know if its bottomed or not.

The US economy has a few landmines ahead of it. US dollar decoupling from reserve currency status (gonna drop alot more), stock market crash (both most likely will happen)

where do you live? real estate prices are up 100 - 300% since 18 months ago here in Alberta.

Its stagflation baby!

Everything that you can drop on your foot that hurts is about to get alot more expensive.

Buy gold!

Would possibly wait a little longer than 12 months :thumbsup

But also don't bank on substantial short term rises in property - there is more than enough unsold property to fill the market for a year now, and this is rising monthly.

I got a house for sale in Shasta Lake California, make me an offer

lol...

investing in homes in usa in this moment is the worst investment someone could ever do...

hehe.. some guys bought houses for 500k, 2 years ago.. and now the same houses are 200k, with 2 years of use... lol...

usa market is completely broken, and they are going for a new recesion..

They aint up that much there but they are up in Alberta.

Housing prices are starting to come down in Vancouver (Where I live)

i'll give you $10,000

lol check ebay

Ha ok.

Just even a slight more in some decreases here and with proper credit, cash, or equity. It would almost be foolish to not buy here long term as rentals. Right now the prices of the mortgages are on par with rents however I am very well versed in the other costs of rentals and know where the proper safe number sits at even with odd vacancy rates which is well pretty small here anyways *typically under 2%.

Very true...by next year summer will be even a better time to buy.....

jesus fuck you people pay a lot for sticks and dirt

2 years ago when I saw thousands of advertisements saying "get a 200,000 loan from Bank of America right now!!!" in sites like MSN money, Yahoo Finance or other big sites, I always thought how long is that unreal bubble going to last?

We saw the results this year. :)

Bricks and mortar = >>> $$$

Yeah I agree. Seams house prices are still inflated

Yep now is the time. People with cash on the sidelines will make out big in the next 5-10 years.

It really depends on where you live. The area I live in is starting to stagnate and it is starting to see the rush of people trying to sell so they can get out of their variable rate mortgage before their house payment nearly doubles. There is a house my brother just rented that the owner ended up having to rent because she couldn't sell it. 4 years ago she bought it for 325K. She was one of 5 bids at that price and she agreed to pay all costs so they sold to her. now 4 years later the house has gone up, then back down in price. she wanted to sell it for 340K and got no offers. She lowered it to 325K and got no offers. There are literally 4 comparable houses on the market within 2 blocks of hers. She ended up renting it out as she waits for the market to rebound.

Another indicator. A development company built phase one of a development about 2 years ago in a town about 10 miles from me. the houses were priced from 275-300K They were all pre-sold before they had even broke ground on the first one. Now that phase 2 is done they have 2 houses sold and the other 25 sitting empty with no buyers and they are bleeding money from it.

If you have some cash and are in the right market over the next 12-18 months you could buy a house or 2, rent them out (or live in them) for 2-3 years. let the market rebound and make a nice little profit.

Yep. It's down 25% in some markets.

They are predicting this isn't it yet. 2008 is supposed to make it even better/worse.

The recession has not even begun and you tell people to buy now?

LOL. :1orglaugh Enjoy the ride.

I have bought 5 houses and a condo in the last 2 months. I might look dumb in a year but I will be a genius in 5.

:winkwink:

I think it will be a great time to buy in a couple of years

Mutual funds are way to go.

id say wait 6 months.

depending on where you are it could save you 10s of thousands

We have purchased a few duplexes in the last 6 months, all rented out, and I think that with the economy the way it is, and everyone with A.R.M.s that even more people will be looking to rent here shortly. Not a bad place to put your money in my opinion.

Here the realestate market is fine. Theres no change.

And some of them were the ones telling people to take the adjustable rate, as it would never go up that high again.

the only prob with the buy and rent idea here in florida is that there are so many properties for sale that are not being sold that the owners are forced to rent those properties hence the rental market now has a glut of un rented properties on the market as well

if i decide to put my my house back on the market im raising the price:thumbsup

so many people have lost their asses because of ads like that

bought at the peak and now are getting forclosed on

:1orglaugh
Just change that year to 2007 and little changes :winkwink::thumbsup

That's helpful :1orglaugh

Yeah doing that with the condo. They were selling for 500k 2 years ago and I got one for 250k. Rents for $3500 during season and sits empty the rest of the time so not super excited on the rent side but really like the area so might end up there at some point.

condo market is a very risky buy down here right now.

There are soooo many on the market for sale and rent they are practically giving alot of them away just so the developers get somehting for them

where is the location?

So how many did you buy "

I would rather put my money in stocks right now instead of the real estate market. Stocks are under valued, wait a year, and then reinvest in the real estate market.

out side of Sarasota, Longboat Key. If you are in that area or know of some being given away let me know. :winkwink:

Seriously we are buying. Like I said I may look stupid in a year but will be ok in 5.

curious as to if others like this spot to buy...

well now meaning about 6-12 months...in real life :-)

The real estate market in the US is down, but not even close to as down as it will be.

The only safe bet in real estate investment is foreign. Panama, Dominican Republic, India, even some places in Mexico.

Everybody I know who's got $$ in real estate in Panama is raking it in and the boom has just begun.

Now or a few months is the question. I think now is just as safe cause prices won't go down much more

ahhh longboat I love it

My uncle built his dream house there on a canal

Great place to live