I hate the real estate market!
 

Was just browsing a few houses outside Bergen, Norway (population 200k) and found a house close to were I grew up:

http://cache.finn.no/mmo/realestate/...002601_1-b.jpg

Asking price: $350,000 :eek2 ... just did a search for it and it was sold for $220,000 9 months ago...

I hate this market!

search some more, make sure you don't buy in a hurry

Its going down down in a couple of years, sure as dritt;)

my plan is to buy a nice place for about $450-500,000 .. what could I get around the globe?

sure as dritt heh.. I can't wait a couple of years though

Yeah, the bubble will go down fast...

Egomancer

Man, 350k for that?? That looks like its out in the country too...?

I know its hard, but get something to rent if you can. Interest sure is super low but... when the shit hits the fan this time, it wont be like going on a picnic....

nah not really.. you pay for the view basically (overlooking the city and about 15 mins to drive downtown.. but its way overpriced.. costly to tear down and rebuild a nice house

I'd actually pay lower on the loan than I pay my current landlord.. :thumbsup

In my experience, no matter what the market is doing, the best advice is always look for a "motivated" vendor/buyer and you cant go wrong :winkwink:

I think the only people who prosper from the realestate market are the real estate agents themselves, they always seem to be driving nice cars :1orglaugh :1orglaugh :1orglaugh