Posted: 3/2/2008 5:40:45 AM EDT
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I'm probably gonna buy a house for rental purposes. I realize the housing market isn't doing that great. I would like to buy the house when the market is at its worst, in an effort to get the most for my money. Can anyone give me some indicators (simple ones that I can understand) to watch for that would tell me the market is starting to rebound? I've talked to 2 Realtors over the last month, and they were from the "hurry and buy RFN before things get better" school. Thanks. |
Usually when prices start to rise? And by then it is not at the bottom. When you figure out how to predict markets like this you should apply for your Nobel prize. Find a place that will give you the cash flow you are looking for and purchase it. Only short term investors try to 'time' exactly. |
Hey...know what the best thing about being a pessimist is? You never get let down.  Seriously though, if the Dems win I'll bet things will get worse. I just don't share your pessimistic outlook - at least yet. |
Got most of the above from a friend. But he knows better to even think I'd be up for a Nobel. Hmmm...maybe I'll start a Global Freezing Campaign. |
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Just sayin' They both have something to sell. The picture is usually always quite rosey. look into real estate transfers for your county. All public record, it will show you a cross section of what's going on. Talk to a few sources, track a few statistics in your area on the web. |
Agreed.  I've heard "our 7 year financial records indicate we're the best..." a few too many times.
Thanks - didn't know that was available. I do use the web to track the taxes on the properties I was surfing through. There's a coupla school districts I won't buy in. |
Congrats. Don't worry, things will get better. HAHA! |