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Yes If you can find that gem that is way bellow the average market price at least 2by at least 20 %. Most real estate is still to high but some banks and financial corporations are giving out real good deals. If you can buy really low it's good if not wait. If you are looking for a home to live in the choice is huge and that is good but dont expect to flip.
There are a few dramatically different perspectives on this. Agents' arguing that now is a great time to buy because rates are low and prices are low compared to the crazy bubble we had and "country-hick" saying it's a horrible time to buy. I argue that it's not the ideal time to buy in my market from a pure investment standpoint, however, people's life situations and markets vary. While the agents' argument that it's a great time to buy simply because rates are low and prices are low compared to the bubble is a convenient argument, it's wrong. Although I agree with much of "Country Hicks" argument, saying blanketly that it's a bad time to buy is also not completely correct. First, regarding the rate argument, historically people are better off buying when rates are high because prices are lower during those periods and when rates drop they can refinance, while if you buy when rates are low, prices will be relatively high and one cannot change their principle owed with anything but cash. In addition, just because prices are lower than they were at the peak does not necessarily mean they are historically low. However, contrary to what Country Hick is arguing, if one can purchase a home with good financing at or below rental parity and ideally plan to hold the property for 15+ years, it could be a good purchase. In addition, there are many markets that have properties at or below replacement cost that with the right financing could be great purchases, especially if the government is successful at getting us out of the recession and creating inflation. While every market is different, in my opinion, no one should be buying now that does not plan to hold the property for at least 7+ years with 15 or 30 year fixed financing. Moreover, people should run from agents that simply say it's a great time to buy because "rates are low and prices are low."
Interest rates are at an all time low and according to your BS that prices are low,,, Are you purchasing realestate right now or have you recently… I would bet most of you are either upside down on your loan or are renting….. Come on, I dare you to answer……. Renters
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