Hello all. I am planning to buy a multi family home in Glendale CA. area I need some unbiased advice about the future of real state in this area. Are we going to see great increase in the price of real state in next two years? what reliable website can I go to read about this.
Thanks for reading my inquire
2006-10-29 19:02:57 · 3 answers · asked by Mike 1 in Business & Finance ➔ Renting & Real Estate
I have to agree with the first response you got. I tell my clients that if you're willing to hold onto to the property for at least 3-5 years, then go ahead and buy.
Try to find an agent who can find under valued multi family units,so if the prices come down, you'll still be ok. I would help you, but Glendale is not worth my time. If you'll consider Orange County, I'll find you a great deal and I will property manage it for you for a year for free.
Regards
2006-10-29 20:49:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Honestly the truth is NO ONE, No Broker, No Bank, Not even the fed can tell you whats going to happen in the next 2 yrs in Glendale. That's why all of the economic EXPERTS Predict. That's all they can do. Your best bet is to read on trends in your area. Local newspapers, cnnmoney.com etc. Right now large portions of southern California are witnessing mass decreases in property value. So be careful an please research before you deal with someone that has there own agenda at hand.
2006-10-30 03:09:17 · answer #2 · answered by aukasted1 2 · 1⤊ 0⤋
Real Estate is the one investment that doesn't go down the minute you sign the papers. People will always need a place to live. I own property in a very small town and I can still get renters. Go for it...........
2006-10-30 09:59:30 · answer #3 · answered by FireBug 5 · 0⤊ 0⤋