Do you think a real estate price adjustment is coming? - GoFuckYourself.com - Adult Webmaster Forum

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clickhappy

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#1

Do you think a real estate price adjustment is coming?

06-20-2004, 06:05 AM

or do you think prices are going to stay where they are?
I'm debating whether or not to buy right now. The prices seem out of control and unrealistic (Boston area).
So I dont know if I should get in now while I still can, or wait a year and a half for the fire sales that may come from a price adjustment.
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mary34d

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#2

06-20-2004, 06:27 AM

reply fuzzy try again later. damn 8 ball

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bad_girl

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#3

06-20-2004, 06:43 AM

Its like that in Toronto aswell. This is definately a seller's market. Seems that Condo's are looking more and more affordable every day.

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sweet7

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#4

06-20-2004, 07:21 AM

interest rates will go up it's a matter of time

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beemk

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#5

06-20-2004, 07:48 AM

just find a house that you can get a good deal on. its a buyers market right now, if they are too expensive just give them a lowball offer.

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Dildozer

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#6

06-20-2004, 07:52 AM

Just found a Duplex bringing in $800 a month for a whooping $24000.

It's a shit propriety but still, get out of cities and you'll find decent yields.

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Raven

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#7

06-20-2004, 07:54 AM

I'd buy now, before the election.

I think interest rates are already on the rise.

And, the closer you live to a major city, the more expensive the housing.

That's why I live in BumFuck.

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Dax

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#8

06-20-2004, 08:30 AM

Like every thing else.. it will come down.. except in Miami.. since everyone is fucking buying a place here... Because of the fact that rich south americans want investment property here and rich ppl from the us want a second or third home here.. our prices will not stop going up... =(

Until another major hurricane hits us..
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fudpuck

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#9

06-20-2004, 08:53 AM

It all depends on the location, and the type of real estate. Get to know your market, and you'll see the trends.

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Sharpie

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#10

06-20-2004, 08:58 AM

Will you pay more later in rising interest rates? Often prices come down when interest rates rise...... but it can come out the same in the long run, if you are paying higher interest.

Location, location, location - prices in some areas will stabilize - but they will never really go down!
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VideoJ

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#11

06-20-2004, 11:07 AM

Buy the cheapest place in the most expensive neighborhood you can afford. Even if the market stabalizes, you have a lot of upside to your property.

What's going to cause prices to stop their rise? What's going to make people stop buying hosues? I saw an article in the UK where they think if interest goes over 5% people will stop buying. It made me laugh, people were buying when the interest rates were over 10%.

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latinasojourn

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#12

06-20-2004, 01:56 PM

Originally posted by clickhappy
or do you think prices are going to stay where they are?
I'm debating whether or not to buy right now. The prices seem out of control and unrealistic (Boston area).
So I dont know if I should get in now while I still can, or wait a year and a half for the fire sales that may come from a price adjustment.

if you are in usa you should buy right now if you can.

reason: interest rates are still at a historical low, but in next 5 years we will have big inflation rates due to huge federal deficit. (government will need to print money to pay it's bills due mostly to foreign wars and corporate tax cuts put in place by bush administration)

this will give rise to higher interest rates.

if you own property right now hold it---i predict it will double in value (price) over the next 6 years.

best real estate investments right this moment? a house you can live in, or residential duplexes or triplexes in non-rent control areas.

yes, i do hold a RE broker's license.
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M_M

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#13

06-20-2004, 02:10 PM

same argument over and over "buy while interests are low"

can you say bubble?

if you're not a first home buyer, its not the best time

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latinasojourn

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#14

06-20-2004, 02:19 PM

Originally posted by M_M
same argument over and over "buy while interests are low"

can you say bubble?

if you're not a first home buyer, its not the best time

well i don't know everything, but ii have invested in real estate for 30 years, and i've heard all the excuses of why it is a bad investment and one should not buy now.

and the people who laughed when i bought slum property in rough neighborhoods in the 70's are still living in apartments, and will never have much to leave to their children.

and they will visit me sometimes, and i'll let their kids swim in my pool.
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strobi

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#15

06-20-2004, 02:29 PM

It's always a good time to invest. Learn how to find and shop around for the deals. Deals can always be made.
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slapass

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#16

06-20-2004, 02:42 PM

I am debating this also. I have a deal on the table that needs an answer by Wednesday. We are clearly at or near the top of the market here. If it makes cash on cash it is hard not to want to lock in the lower rates of taod and just ride out the cycle. Where else am I going to get 13%??
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