because of the current housing bubble, the market slowing down (in my opinion that's an understatement, i think it's dead) odds are that i'm probably going to lose a lot of my equity down the road, right people???? be nice.
2006-09-25 11:50:19 · 3 answers · asked by kikilucky2001 1 in Home & Garden ➔ Other - Home & Garden
Much depends on where your house is located. Even the neighborhood and street can make a big difference. In general, you will continue to build equity over the long haul, but not as fast as you have in the past few years. Many homeowners think the extrordinary gains of the last 10-15 years are the norm ... they are not. You are right, we have been in a real estate bubble and it appears that the bubble has burst. I am sure that there will be some areas of the USA that will be particularly hard hit and will take a long time to recover. Hopefully, your area is not one of them.
Good luck with your real estate investment.
2006-09-29 06:49:36 · answer #1 · answered by exbuilder 7 · 9⤊ 0⤋
If your planning to sell in a couple of years anyway and you're worried, sell
ASAP. If you plan on staying for 6-10 years, the values will bounce back,
You only lose equity if you sell in a down market. Some cities housing
market have peaked or flattened out and are on the way down.
2006-09-25 12:44:39 · answer #2 · answered by wallyinsa 3 · 0⤊ 0⤋
Depends if your area has been part of the bubble or is subject to major loss of employment. If prices haven't run up a lot and people's jobs are secure, you probably won't see much of a drop (unless we get a depression - then all bets are off).
2006-09-25 12:04:18 · answer #3 · answered by Engineer-Poet 7 · 0⤊ 0⤋