tko
Member
Cash: $ 0.35
Posts: 15
Joined: 16 Jan 2010
Location: USA
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| Any bottom insight |
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Hello,
Whats everyones view on the Housing market for the next 2yrs?
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Sat Jan 16, 2010 4:16 pm |
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tko
Member
Cash: $ 0.35
Posts: 15
Joined: 16 Jan 2010
Location: USA
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| Florida |
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Im particularly interested on the view for the florida area.
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Sat Jan 16, 2010 4:17 pm |
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Newstockslive
Preferred Member
Cash: $ 17.70
Posts: 100
Joined: 12 Sep 2009
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Guys there is still another pullback coming. Lets not forget the credit crunch second round. Many places like lowes and Home depot offered no interest, no payment for 2 years .......those are coming due this quarter ...............
Stock market Forum | Webmaster Forum
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Sat Jan 16, 2010 11:37 pm |
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rtsang
Member
Cash: $ 0.75
Posts: 18
Joined: 18 Feb 2010
Location: Monterey Park
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My suggestion is not even try to catch the bottom. It is dangerous. The only suggestion I would give is to buy only if you could afford it and whether you like the house or not is very important. If you are first time buyer and you think you have a stable job, then go for it. If inflation comes, your house worth more and you pay less mortgage (valued in USD). Only draw back is you may sink along with the titanic instead of diversify your money to RMB and commodities.
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Fri Feb 19, 2010 8:36 pm |
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SmartTips
New Member
Cash: $ 1.90
Posts: 9
Joined: 04 Dec 2009
Location: Philadelphia, PA, USA
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Buying a home is always a good investment. Don't catch the bottom this is the bottom! Anyway that is list like trying to time the market which no one can do. Buying a home and letting it appreciate is where most average income people make the most money in their lives.
One big tip I offer:
Always remember when buying a home you’re also buying the neighborhood surrounding it. The neighborhood is not only important because you’ll have to live in it but because the neighborhood’s quality will have a huge impact on the appreciation value of your home.
Think about these neighborhood characteristics when deciding:
- What type of people live there? What is the age and occupations of most?
- Commuting distance to jobs. Are there offices and mass transit nearby?
- Presence of young families. Do children play freely in the neighborhood? This is a no brainer. If you don’t see kids running around then parents don’t feel like it is safe.
- Does the area have a strong diverse economy? Is there white collar and blue collar?
- Is there a good school system? ***This alone can make a huge difference in the value of homes and land. Even if you don’t have children or plan to have them this is a very important consideration.
- Is there low crime rates?
- And last but not least what services and amenities does the area have to offer?
Answering these simple questions make all the difference when making a good investment.
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Sat Feb 20, 2010 1:49 am |
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Mr.P
Contributing Member
Cash: $ 2.30
Posts: 26
Joined: 02 Apr 2010
Location: New York
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I think that home prices will be flat at best in the near future. With high unemployment forecasted for the next few years, rather flat economical recovery, problems with Europe and really uncertain situation in US there is little optimism for home prices.
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Thu May 13, 2010 3:22 am |
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