Close Topic Options

Right Time To Buy A House? - Page 6

Housing Prices Have Already Fallen More than During the Great Depression :

By their calculations, prices are now down 33% from their 2006 peak, compared with the 31% decline during the Depression. Ref. Source 1

House Buy Time Right

That's what I have been saying in another thread, things are way better than last year, we ARE recovering but slowly but I have no doubt in my mind that things will be okay, people just need to be a little patient.

Right Time To Buy A House? History & Civil Business Politics

I am not certain there is a recovery, but it does feel as though the bottom has settled in the last year and there is a bit more confidence that we have seen the worst. However, failure of economies like Greece that have similar debt levels will continue raise the thought of a 2nd Great Depression and validly at that thought The dollar is experiencing significant inflation and unemployment is no better and actually worse than almost any point of this recession. If the government does not put together a seriously comprehesive plan on debt reduction and soon, the IMF and many agencies are going to downgrade our debt. If that happens, the bottom will fall from our feet yet again.

There are bargains out there, but there are also areas of the country that are still seeing housing prices fall. If you have the cash to buy a home, have a steady and secure job and will get a standard loan (no arms) with a down payment that will eliminate a PMI, then I would say go for it. If you are stretching to buy as big of a house as you can theorectically get a loan for (like many who are not experiencing foreclosure), you are still taking a risk or gambling.

I have been buying relatively cheap houses with cash, with my brother, and renting them out. We are pouring all the profits back into buying houses. Right now, this looks like a pretty good deal and will help on retirement later in life.

Page 6 House Buy Time Right

Rise in Home Prices Encourages Foreclosed Homes Buying


Investing in real estate properties during these tough economic times has become challenging for most home buyers and investors. But even with the enduring housing crisis brought about by the mortgage mess, it cannot be denied it is a buyer’s market out
Source: Foreclosure Connections Blog Articles And Foreclosure Information

House Buy Time Right

No Rise in Home Prices Until 2020:

Bankers: Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday. Ref. Source 1

Right Time To Buy A House?

Its always the right time to buy a house if your rich. Others that might like that opportunity are either wrapped up in a mortgage already or hoping to save just enough to get a mortgage to begin.

Right Time Buy House - Page 6

Don't Be Suckered Into Buying a House Now
By Mike Whitney

When a 30-Year Mortgage is a 30-Year Prison Sentence. Ref. Source 4

Right Time Buy House Politics Business Civil & History - Page 6

US home sales dip in February but gain over last year
Real Estate Related News

WASHINGTON - Existing-home sales in the US declined 0.9 per cent in February from levels witnessed in January, but were 8.8 per cent higher than corresponding month in 2011, the National Association o
Source: Property News