To: Kaslin
I’m thinking of getting a smaller 2nd home to rent out till retirement, is this a good time to get something cheap?
5 posted on
08/15/2007 6:18:59 PM PDT by
Son House
($$Proud Memeber of Vast Right Wing, Out To Lower Your Tax Rates For More Opportunities.$$)
To: Son House
It’s an excellent time to buy.
To: Son House
"..is this a good time to get something cheap?..." NO. I'd wait. I think there is more downside potential than up at this time. I think the bottom is truly going to fall out of the housing market. If you preserve your cash and purchasing power by buying hard assets now, you should be able to but property(ies) REAL cheap in the coming months. Don't pull the trigger too soon!!!!
To: Son House
It's a GREAT time to buy a house!!!!!
35 posted on
08/15/2007 8:21:03 PM PDT by
Notary Sojac
(Be joyful, even though you've checked out the facts.)
To: Son House
I’m thinking of getting a smaller 2nd home to rent out till retirement, is this a good time to get something cheap? Good time to buy. Iffy time to get a mortgage to buy it with.
47 posted on
08/16/2007 4:34:02 AM PDT by
Non-Sequitur
(Save Fredericksburg. Support CVBT.)
To: Son House
Prices in some markets may fall a bit more.
However, if you find a bank REO, you could probably get a good enough deal to weather it even if prices dipped a bit at first.
52 posted on
08/16/2007 8:20:15 AM PDT by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
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