Zillow Advice: Investing - Is it good time to Buy a House!

Thank you sunny. I ...

Tue, 07 Jul 2009 15:07:00 GMT

Thank you sunny. I appreciate the information.

Your post seems less informational ...

Tue, 07 Jul 2009 14:59:00 GMT

Your post seems less informational than self promotional and the weblink to your site is generally discouraged by Zillow. Zillow has a video to help you market yourself on the advice forumÂ hereÂ that might help.

I would say yes. As in any ...

Tue, 07 Jul 2009 13:14:00 GMT

I would say yes. As in any investment, there is an element of risk, especially in the short run. But in the long run, you should be OK and will make tons of money if you buy the right house at the right price

[content removed by moderator for being self promotional]

So, it is still a GREAT time ...

Tue, 07 Jul 2009 09:07:00 GMT

So, it is still a GREAT time to buy. This is the best time so far in my lifetime...

How old are you??

7 ??

Look, you're a young girl, but, you ain't that young.

Why is it when I could buy 4 unit apartment buildings (which I did btw) yielding 20% (net), it was considered 'risky'. But now when the same building is yielding negative 12% it's considered a 'great time to buy, make up the negative cash flow on appreciation' by the same folks who were against the 1999 purchase??

Truly remarkable.

I think we're at the beginning of the end of Universal Suffrage as a source of liberty and good since I can only cancel out one 'thinker' like this at the ballot box...as it seems I'm out numbered.

Well Mike "that's how we ...

Mon, 06 Jul 2009 13:44:00 GMT

Well Mike "that's how we got where we are" seems to ring a bell. What will you do if the market doesn't rise for say ten years?

Sure why not; at the right ...

Mon, 06 Jul 2009 05:10:00 GMT

Sure why not; at the right price.

Depends on why you want to ...

Mon, 06 Jul 2009 04:45:00 GMT

Depends on why you want to buy. If you plan to live in the house for 7-10 Years, buy. If you have Cash and someone to live in the house for 5 years, Buy. If you are speculating every dollar you borrow equals $3.60 of debt, Don't Buy

I would have to say yes - ...

Fri, 03 Jul 2009 05:21:00 GMT

I would have to say yes - this is a great time to buy lots of great deals out there, plenty of room for negotiating.

How can it be the "best time" ...

Fri, 03 Jul 2009 05:16:00 GMT

How can it be the "best time" when "foreclosures" are still selling for 3 times the List price from 2001, and the homes that were listed in 2001 in the neighborhood stayed on the market for 2 years!?

Anyone that has looked at "season clearance" sales in department stores, and knows the seasons, and has looked at inflation trends and present pricing compaired to inflation trends, AND supply verses demand.... knows that prices will drop much futher than present throughout most of the country.

The only things that will prevent that are:
1) destruction of homes through fire, flood, bombs, or similar. (to lower supply)
or
2) opening the borders so that there are sufficient qualified willing buyers to increase demand.

There is absolutely no way the present population can use all the present housing stock at present pricing with the economy and jobs market the way they are.

While I won't claim to know ...

Thu, 02 Jul 2009 15:37:00 GMT

While I won't claim to know the bottom, I can say a lot of data suggests this is the bottom. It doesn't show a rebound, but suggests real estate is flat.

Interest rates are still low. Banks aren't selling foreclosures for peanuts. The government is doing everything it can to artificially hold the bottom up with their $8,000 tax credit and bank bailouts (which may be why banks and asset managers aren't just giving away foreclosures anymore). There's even talk of expanding the tax credit to ALL buyers. That would prompt me to buy a couple more. I've been seething that I never got any free money when I bought my first house!

So, it is still a GREAT time to buy. This is the best time so far in my lifetime. Will this be the best time? Who knows? Will there be an even better time later? Maybe. But, today, as it stands, it's a great time to buy.

One disclaimer, I'm in Nashville, TN where our housing market i spretty stable. We've taken a bit of a downturn, but nothing like Los Angeles, Las Vegas or many cities in Florida.