Buy Now...or Wait????
August 13, 2009
If you are a cash buyer....wait.
For the rest of us it is time to get off the fence and make the investment. The slide above is telling us that if rates go up-just 1% it does not matter that prices dropped 10%. It will be the same house payment. Crazy, but true.
Real Estate is and has always been a great investment. Let me clarify, LONG TERM investment. People who bought in 2001 and just sold in 2008 had the potential of making serious cash. HINT: When you do buy, or if you are a current homeowner, keep your equity in your home. As ignorant as this sounds, if you spend it now it will be gone when you sell.
Take a look at this slide...ROI is huge for real estate investment. Other investments are in the red.
If you are condfident in your job and plan to live here another 5 years, jump in with both feet.
This market has created the perfect storm for buyers. Don't let the storm pass you by.
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