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Author
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Topic: Can someone suggest if its good time to purchase homes?
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Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted February 03, 2009 10:34 PM
  
I know it depends on the state you are in.NJ/NY is badly hit. Should I buy or wait some more? Isn't winter the best time to buy? Appreciate your comments. IP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted February 04, 2009 11:43 AM
Everyone is throwing away freebies.
I wish the builder does too.
http://www.marriott.com/marriott.mi?page=mhrfreebreakfast IP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted February 19, 2009 05:54 PM
I am glad I didn't buy it yet. This report made me think. Perhaps it will be end of the year before it bounces back up.
http://www.forbes.com/2009/01/07/housing-cities-realestate-forbeslife-cx_do _0107realestateweak.html IP: Logged |
venusdeindia
unregistered
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posted February 20, 2009 06:44 AM
I think JWhop is in a better postion - though its sad here in SJ - rents have gone up though real estate is suffering - the ones who cant afford to keep their home sare driving up the rent  IP: Logged |
katatonic
Knowflake Posts: 6024
From:
Registered: Apr 2009
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posted February 20, 2009 01:52 PM
so is the purpose of buying now when prices are low just to resell when "it bounces back up"? or to get in while the price is realistic?it's speculation on real estate that has caused the worst part of the current recession. it's the people counting on it "bouncing up" who have inflated the market out of all realistic bounds. IP: Logged |
sunshine_lion
unregistered
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posted February 20, 2009 04:21 PM
i am not sure but i saw in fla today that 300,000 dollar homes are being sold for 50,000, great time to buy a retirement property if a person can. with the market the way it is, if i would be comfortable with 2 mortgages, i would buy my retirement home now. i really dont think the market will turn around anytime real soon.IP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted February 21, 2009 05:18 AM
My friend bought one with a nice pool for that amount. Appears, liquid cash is precious in these times. Even new homeowners in NJ are thinking twice before willing to pay 10 percent down ...10 percent of lets say 400k home is lot of money really.This is a great and simple video that explains whats going on. http://www.crisisofcredit.com/
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Lindaland
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