What areas are good to look at?
2007-01-31 15:02:09 · 6 answers · asked by Jennifer K 1 in Business & Finance ➔ Renting & Real Estate
Wait and this is why.
http://www.breakingbubble.com/index.htm
2007-01-31 15:24:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Do you have a choice? Can you leave the area? Can you stay with someone, without paying rent? If there is a chance that you can wait to buy a property do. The area is HIGH PRICE REAL ESTATE. If you wait for that special buy, it will be worth the time. If you have to pay rent, the wait will cost you more than you will save. If you know someone, with a property a payment of $500 a month on their mortgage would be a good deal for them and a big savings for you.
2007-01-31 15:13:40 · answer #2 · answered by whatevit 5 · 1⤊ 0⤋
I'd wait.
Developers are still converting apartments into condos, which will further impact condo prices (negatively). I think there are beginning to be a lot of ill-informed home/condo owners who got baited into 3-1 and 5-1 ARM mortgages and now facing a)higher/market rates and b)principal reduction on a tigher amortization schedule. Basically, hopefully you can find a seller pressing the "panic" button on their mortgage.
2007-01-31 17:28:49 · answer #3 · answered by DJSS 2 · 0⤊ 0⤋
Buy now. Prices will only go higher. I would think the opposite, but that's what our realtor suggested when we moved into our socal home
2007-01-31 15:09:50 · answer #4 · answered by Steph [♥] 4 · 0⤊ 1⤋
they are goijng to get lower this year....even if they just stay flat, and dont go up...they technically lose value, because they are not going up to match inflation.....wait until about 6-9 months
2007-01-31 16:02:38 · answer #5 · answered by gary d 3 · 0⤊ 0⤋
Florida is where it's at!
2007-01-31 15:10:35 · answer #6 · answered by BeachBabe 2 · 0⤊ 0⤋