I want to buy a house, but someone told me that I should wait a year because prices will go down. Is this true?
2007-10-27 06:40:13 · 7 answers · asked by yomera 2 in Business & Finance ➔ Renting & Real Estate
Find a person who KNOWS the answer to this question take 'em with you to the dog track.
2007-10-27 06:43:36 · answer #1 · answered by Anonymous · 1⤊ 0⤋
even if if the industry is going down, at a great 10% drop that 500,000 residing house might nevertheless be advertising for $450K . a great form of income real words, yet that maintains to be a huge value for a house. If the industry does bypass down, and the majority can nevertheless take care of to pay for the very own loan money, they're going to stay and not sell. even if if the different way up. and that's what maximum persons do. it quite is their residing house and that they might ought to bypass and stay someplace else besides. That loss of sellers retains the industry extra solid than shares. i offered on the excessive factor of a industry, fees stalled and then dropped, I merely saved making money and presto!, a pair years later the industry rebounded and my residing house became properly worth extra....and that i merely stayed placed and made money. yet you will see a favourite weakening in 2008 b/c of a few grasping or stupid traders who have been given in on the final minute.
2016-10-14 05:10:28 · answer #2 · answered by trapani 4 · 0⤊ 0⤋
I believe Murphy's Law might come into play.
If you buy now, the prices will go way down next year. If you wait till next year, the prices will go way up.
Worry more about finding something you can afford that you like.
2007-10-28 12:31:12 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋
Would you believe me if I told you that Houston real estate prices would increase 13.5% by this time next year ? Ummm...no one has such a crystal ball. WAY too many factors which could change the reply to your question.
2007-10-27 10:59:35 · answer #4 · answered by acermill 7 · 0⤊ 0⤋
YEs. They said it will go 13$$ down each year. I heard it on the news. I hope you find a house.
2007-10-27 06:48:22 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Just remember to shake the dice before you roll them. The real estate market is just as big a gamble as going to a casino and playing craps.
2007-10-27 06:48:12 · answer #6 · answered by MARSHA G 2 · 1⤊ 1⤋
Is it 2008 yet? Then the answer is...NO ONE KNOWS!
2007-10-27 06:47:31 · answer #7 · answered by da s 2 · 1⤊ 0⤋