Just so you know, I think that this real estate slump is about to end. At least up here in the Boston area. Course this is not based upon empirical, economic data... just my base feeling. I've been helping some friends look for a home in Central MA, and the good ones are getting scooped up within a week on the market. Nanepashemet Real Estate buyer's brokers are on the case.
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True, these are reasonably priced homes, in mint condition, and in an up and coming market around Route 495. But since when have you had to rush to put in an offer on real estate?
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There are some real bargains out there, buying from people who have been hanging on during this slump and are getting desperate. Now is the time to raise cash and buy some real estate. Within a year, things will be heating up.
Pisc said...
Not so sure. Money will become more expensive before the year is over. The Fed has to move the inter-bank rate - gas prices are going up not because the economy is cranking along, its because the dollar is increasingly worth less. In order to shore up the dollar/fight inflation, the cost has to go up. I think people are rushing to move property before that happens. When that happens, fuggedaboudit.
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1 comment:
Not so sure. Money will become more expensive before the year is over. The Fed has to move the inter-bank rate - gas prices are going up not because the economy is cranking along, its because the dollar is increasingly worth less. In order to shore up the dollar/fight inflation, the cost has to go up. I think people are rushing to move property before that happens. When that happens, fuggedaboudit.
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