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

clickhappy · 06-20-2004, 07:05 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.

mary34d · 06-20-2004, 07:27 AM

reply fuzzy try again later. damn 8 ball

bad_girl · 06-20-2004, 07:43 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.

BG

sweet7 · 06-20-2004, 08:21 AM

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

beemk · 06-20-2004, 08:48 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.

Dildozer · 06-20-2004, 08:52 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.

Raven · 06-20-2004, 08:54 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.

Dax · 06-20-2004, 09:30 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..

fudpuck · 06-20-2004, 09:53 AM

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

Sharpie · 06-20-2004, 09:58 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!

VideoJ · 06-20-2004, 12:07 PM

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%.

latinasojourn · 06-20-2004, 02:56 PM

Quote:

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.

M_M · 06-20-2004, 03:10 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

latinasojourn · 06-20-2004, 03:19 PM

Quote:

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.

strobi · 06-20-2004, 03:29 PM

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

slapass · 06-20-2004, 03:42 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%??

06-20-2004, 07:05 AM	#1
clickhappy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 4,027	Do you think a real estate price adjustment is coming? 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.

06-20-2004, 07:27 AM	#2
mary34d Confirmed User Join Date: Aug 2003 Location: Northern Cuba Posts: 3,358	reply fuzzy try again later. damn 8 ball __________________ The guys at CJ Bucks will do absolutely anything to get your business. You owe it to yourself to at least ask! Free Hosting, Content, etc. CJ Bucks has it all. Sign up! I'll show you my tits now you show me your traffic.

06-20-2004, 07:43 AM	#3
bad_girl Confirmed User Join Date: Sep 2002 Location: Toronto Posts: 757	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. BG __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

06-20-2004, 08:21 AM	#4
sweet7 Confirmed User Join Date: May 2003 Posts: 1,792	interest rates will go up it's a matter of time __________________ ICQ: 282814268

06-20-2004, 08:48 AM	#5
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	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. __________________ I host with Vacares

06-20-2004, 08:52 AM	#6
Dildozer Confirmed User Join Date: Jul 2002 Location: Montreal Posts: 7,519	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. __________________ Spam link here

06-20-2004, 08:54 AM	#7
Raven Confirmed User Industry Role: Join Date: Jul 2001 Posts: 6,874	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. __________________ Raven ~RETIRED~

06-20-2004, 09:30 AM	#8
Dax Confirmed User Industry Role: Join Date: Apr 2002 Location: USA Posts: 3,161	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..

06-20-2004, 09:53 AM	#9
fudpuck Confirmed User Join Date: May 2004 Location: the woodwork Posts: 885	It all depends on the location, and the type of real estate. Get to know your market, and you'll see the trends. __________________ AMK Hosting - 3.2Ghz, 1GB RAM, 2x300GB RAID1 + 10Mbps for $249mo. ICQ: 15898919 - Ask me about remote backups for your data.

06-20-2004, 09:58 AM	#10
Sharpie Confirmed User Join Date: Mar 2002 Posts: 438	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!

06-20-2004, 12:07 PM	#11
VideoJ Confirmed User Join Date: Aug 2002 Location: S. Florida Posts: 750	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%.

06-20-2004, 03:10 PM	#13
M_M Confirmed User Join Date: May 2004 Posts: 1,167	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

06-20-2004, 03:29 PM	#15
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	It's always a good time to invest. Learn how to find and shop around for the deals. Deals can always be made.

06-20-2004, 03:42 PM	#16
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	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%??