in some places real estate is going down in its down turn. will real estate always go down and stay flat?
doesnt real estate double every 10 years? so if ther average house is 500,000. in 10 years it will be almost a million? so in 5 years it will be 700,000? someone told me real estate ALWAYS has cyles, if it is going down now, it WILL go back up later. they said a real esate cyle is usualy 7 years. from top to bottom back to top, or bottom to top back to bottom. so in 5 years or more, real estate will be going up real high?
and someone said everytimg theres a boom, the next boom will always be higher than the last? so the last boom was in the early 2000's. so by the 2010 or later it will go up higher than the peak in the early 2000's?
if i buy 5 houses below value right now since prices are going down, andi n a buyers market for 500,000. can i look foward to selling them for 700,000 in 5 years from now when its a sellers market?
for california, los angeles
2007-06-24
06:59:16
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6 answers
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asked by
beach_babe971
2