Is there going to be a housing market ‘crash’?
Sunday, April 25th, 2010 at
8:40 pm
As a first-time buyer, getting on the property ladder is fairly daunting at the moment. There seems so much uncertainty withing the economy….is it best to wait and see what happens over the coming months? Would you buy a house right now?
Passive Income
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Tagged with: Buy A House • Economy • First Time Buyer • Housing Market Crash
Filed under: property crash
ja ik, theres altijd gaand zijn iets om zich ongerust te maken over.
Zeker het een kopersmarkt, probeert is om een huis nu te kopen als u houdt van. De prijzen van de huisvesting dalen.
Not a good time to be buying or selling a home. You are wisely advised to wait for the time being. In the United States, this is not a what-if question, it is a reality. The crash is in place. Be smart and hang onto your money and intentions just for now and you will be glad you did later.
Wait till December, its always fairly quiet in the housing market then but this year prices will be falling and you’ll be able to knock thousands off any asking price! Watch Panorama tomorrow too!
nope but in all fairness it all depnds on the situation. If its a job relocation then sure. If its for rental or flipping then hell no. (flipping died painfully back in 05). Property taxes are an issue mortgage lending is tightening, insurance costs are rising, the ARM reset will be a bad one unless you were smart enogh to get out if it.
again it depends on the situation.
Yes I would, in a lot of areas property is still rising. We won’t have a crash just a wobble, they won’t let the mistakes of the 80’s happen again. Watch your local area and if prices are falling offer a good 15% lower and you could get a good deal.
For 10000 it is now worth 250000.
I know it is scary. It is always scary to buy your first house.
Buying a house is not like buying a share of stock. If you buy a share of Exxon, one share is exactly like another one. The prices go up and down depending on the economy and how well the company runs, not how the certificate of stock looks or where it is located.
A house is worth more if it is on San Francisco Bay than if it is on the plains of Kansas. It is worth more in a good school system than in a bad one. It is worth more if the economy in the local area looks good than a different town where the local industry is shutting down.
There is no national residential housing market, only tens of thousands of local ones. Even here in my City of 350,000 there are neighborhoods where houses are gaining in value and others where the prices are staying the same or going down.
Go look at homes. New and old, in your price range. Don’t let anyone pressure you into buying, you should fell comfortable with your knowledge before you make a decision. Look at foreclosure homes and at brand new properties and at established neighborhoods that are several decades old (all in similar price ranges).
After looking at dozens for a couple or three months you will have a good sense of what you like and what values are. In my area this is a wonderful time to be a buyer. There are sellers that are being transfered, getting divorsed, losing their jobs and worried because of what they see on TV. You can take advantage of…well not them exactly, you can take advantage of the situation. You can buy while everyone is worried and you will get a wonderful price on just the house you want!
On the other hand if you wait until things turn rosey and everyone on TV is telling you to buy houses…you will pay higher prices, and maybe higher interest rates.
Dat is een netelige vraag.
Laat daar zeggen was iets als een neerstorting die door mensen die niet zou kunnen worden veroorzaakt kunnen om hun rentevoeten voor hypotheken betalen. Die eigenschappen door de relevante financiële instellingen worden in beslag genomen.
Teveel bezit zou voor goedkoop gaan.
Enerzijds zouden de aannemers tweemaal denken en zouden slechts in luxeaanpassingen investeren. De luxe gaat altijd, weet u het.
Wij hoorden wat in de V.S. door hypotheken die vrijwel gebeurde globaal worden verhandeld. Dat dat een zou neerstorting zeggen veroorzaken wereldwijd zeer veel gehaald kunnen zijn.
In elk geval, als u gebeurt om iets te zien dievan u houdt moet u voor het gaan. Vooral, als de prijs juist is.
Als er een immobiliënmarktneerstorting was het zeker om opnieuw terug te krijgen. Dan zullen de prijzen zelfs meer toenemen. It' het S.A. beetje zoals de beurs, u weet. het.
Bovendien, een neerstorting couldn' jongstleden t. De mensen hebben huizen nodig. Als overheden don' t verstrekt zij stemmen zullen verliezen.