May 28, 2009
Forbes stated:
Ten things to buy before the economy improves...
"At the top of the list: housing." Why? Buying a home is a long term investment. Should you buy when prices are incredibly low or when the market is hot? You will get your greatest return when the housing market is sinking.
Also, should you just look at price of a home or the monthly
cost of owning a home? Those waiting for the housing market to bottom out, may be missing a great investment: home ownership. History has proven that interest rates will rise fast and dramatically after all time lows.
The Government cannot hold the interest rates at an artificial low forever. They are quickly rising. Those who keep waiting for the bottom to drop and have to get a loan need to take into consideration all cost involved, not just the price of the home. With interest rates still affordable, home prices incredible, and the 8K incentive, it is the best time to buy.