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Real estate prices in the United States have plummeted over the past year. Not only have have home & commercial prices fallen, high demand areas such as New York City have even seen a price drop. With these types of prices, one has to wonder, is it time to invest?
Whether it is or not is, of course, up to the individual, but history is on the opportunistic investor's side. Over the past three decades, home prices alone in the United States have more than doubled and prices after the recession are likely to rise again. With the international economic crisis bringing the real estate market to it's lowest point in years and sellers eager to make a deal, now may be the best time to buy. |
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Hi,
As being the real buyers agent, my simple advice is to purchase when you have budgets and there are no buyers. Sell when u have no money left and everybody else is buying. Quote:
Last edited by hagan29; 06-04-2009 at 09:58 AM.. |
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The housing bottom has not yet passed, and the commercial real estate bottom is only just beginning.
Be careful. |
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I definitely agree with the option to "buy", as investment in real estate is a long term investment and that there are many risks of loss, except in very particular cases. The crisis has unsettled many markets, but if anyone has the capital to work then it would be advisable to do so in real estate.You make money by buying when everyone else is selling". If you're holding for the long term, going for a foreclosed property will definitely make you money. If you want short term profit, you'll have to do a bit more homework but it's definitely possible. A lot of real estate millionaires make their mark in this sort of market.
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