2006-11-18 04:40:11 · 2 answers · asked by speeqtruth 2 in Business & Finance ➔ Renting & Real Estate
If the options are purchase v rent, and you plan on staying in the home at least 4 yrs... then yes, it's a good time to purchase a home.
If your question is "It's getting to be the holiday seasons - is it a good time" Then yes, it's the best time to PURCHASE.
If your question is "I want to buy a house with little down and have a renter pay it for me" Then I hope you have deep pockets. You'll be upside down for a few years and will have to supplement the rent to cover the mortgage.
If your question is "Prices are dropping where my investment homes are - where will I be sure to get positive value appreciation for the next ten years or so" then yes, Texas has had steady 3-5% appreciation per year for a long time. Do your 1031 to Texas. Don't expect to get 20% jumps in value per year - I know some sellers are promising that to get investors to buy here.
2006-11-18 05:01:09 · answer #1 · answered by teran_realtor 7 · 1⤊ 0⤋
it is always a good time to purchase a house if you are debt free
2006-11-18 04:51:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋