Answers (3)
- Dan, "the_country_hick"
- Contributions:4827
If you can not rent a house for more than it costs for a monthly payment with zero down, taxes, insurance, and a reasonable maintenance cost amortized for each year of ownership it is a bad investment. Then do not forget that you are likely to have at least one empty month a year so add even more to the cost side of the equation.
- Gary Bell, "Gary Bell"
- Contributions:46
Your best bet is to talk to a local professional that specializes in that area. Even though there are great opportunities out there, investing in real estate, especially when in involves speculation, is risky.
- SteadyState
- Contributions:878
Short term - more buyers will buy based on tax-payer funded support for housing.
Longer term (over 10 years) - most home owners will be squeezed because despite housing remaining flat, increased interest rates and increased tax burden to cut the debt will damage home affordability and will force most new households into multifamily rentals because tax-payer support for housing will be eliminated leaving 2011 buyers with property that can only be sold at a loss.
Longer term (over 10 years) - most home owners will be squeezed because despite housing remaining flat, increased interest rates and increased tax burden to cut the debt will damage home affordability and will force most new households into multifamily rentals because tax-payer support for housing will be eliminated leaving 2011 buyers with property that can only be sold at a loss.
What are the short term and long term predictions .........
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.