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Old December 13th, 2008, 06:39 PM
MichelleE MichelleE is offline
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Question time to buy a house?
is it the right time to buy a house? the prices have dropped a lot.
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Old December 14th, 2008, 09:18 PM
Singh Singh is offline
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Default Re: time to buy a house?
Hi - it's always a gamble like with any investment. But I have a rule of thumb I use from my 10 years as a mortgage guy (don't worry I was one of the honest ones so i got out about 4 years ago when things were getting dicy) ... back to the point. I usually try to buy in when 2 things happen: #1) everywhere you go to for get togethers, people are trading experiences of how much money they lost in real estate. One story out doing the other. This tells you the bottom is approaching. #2) then I just keep my money ready & look for a little momentum buying to tell me we're done skimming the bottom. In my opinion, I don't think we made the bottom yet, so I would still be in step #1 for now. Hope that helps.
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Old March 30th, 2009, 06:17 PM
MichelleE MichelleE is offline
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Default Re: time to buy a house?
Hi Singh, thanks for the great advice. Prices keep dropping, what do you think about the housing market now? Is it looking like we're getting closer to that buy time.
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Old April 9th, 2009, 01:47 PM
savvy savvy is offline
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Default Re: time to buy a house?
My brother just bought a cute little starter home. He's on cloud nine.
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Old April 27th, 2009, 07:21 AM
kelly kelly is offline
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Default Re: time to buy a house?
buy when you can, even if prices go down again in the long term you will win
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Old June 21st, 2010, 10:39 PM
linkstanjil linkstanjil is offline
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Default Re: time to buy a house?
also i will buy new house.
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