Good opportunity

[RonC]

in most areas of the country, home prices are down. I bought a new home in florida last year. It was a builders closeout, and i got 20% off of what it had been selling for the year before. One year later, its probably down another 10%.

My personal opinion is that this so called crisis will last about 3 or 4 more years. Seems like a lot of things need to get settled before people look favorably at buying a home as an investment.

Bottom line is that I am looking forward to buying more property down in florida. I will be patient, but there are some real bargains to be had. People from all over the world are going to look at US property prices as a bargain. My prediction is that you will see property prices explode once the dust settles in this current so called crisis.

 

[Jwrussell]

I don't doubt it a bit Ron. There are already bargains to be had. I just wish I had the kind of money to invest in property. By the way, will you light a fire under those dang builders and get down here already!? :wink:

 

[blessednxs65]

I hear you guys, the wife and I are looking at a few pieces of property here in Cali. While we will never perhaps see the kind of irrational exuberence in the housing market that we did, the price points now are closer to reality (I still see another 20-30 percent correction here in the Silicon Valley) and these properties, if acquired, will help us move closer to our financial objectives as a family.

 

[RonC]

I don't doubt it a bit Ron. There are already bargains to be had. I just wish I had the kind of money to invest in property. By the way, will you light a fire under those dang builders and get down here already!? :wink:

house is done, moving in 4 months

 

[Jwrussell]

Ouch...moving in right when it starts really getting hot. Nothing like jumping right in! :thumbsup:

 

[Angry Bill]

Buy low, sell high!!!! And remember the 3 most important things about real estate... Location, location, location!!