Comments on: 4 Reasons why it Might be the Right Time to Become a Homeowner

By: Waterfront Real Estate USA

Waterfront Real Estate USA — Sat, 04 Apr 2009 14:16:23 +0000

Please don’t think that now is not a good time to look for property. We need people to start thinking about getting back into Property and indeed the sharp investment minds amongst us realise that arguably there has never been a better time to invest in Property

By: Brian Dickerson

Brian Dickerson — Mon, 23 Feb 2009 05:49:48 +0000

It's a great time to upgrade. Even though you experience a comparative loss on the sale of your existing home, you get a larger gain on the purchase of a more expensive home. Also a great time to buy in small towns, where people are being forced to move to larger markets to find work.

By: ceejay33

ceejay33 — Sat, 17 Jan 2009 23:59:07 +0000

Great information.With the credit market locked up like it is now its gonna be a rocky road for anybody with blemishes on their credit report.

By: G.E. Miller

G.E. Miller — Sun, 01 Jun 2008 01:45:08 +0000

@Loren – I own one home, sold my first before moving into my second. I have not bought and rented out a property. Renting out your home might be a perfectly good option for you, but in my locale, I only see home prices decreasing further, so it wouldn’t be a good time to buy and rent out the other as an investment. It really comes down to what you think will get you a better return in the long run: the appreciation on your rented home +/- net income/loss from renting or putting your cash flow into the stock market. It’s one of those things that is very hard to predict.

By: Loren

Loren — Sun, 01 Jun 2008 00:14:10 +0000

If you don’t like houses as investments, why do you own two? We’ve owned a home for 4 years and would like to live in a different neighborhood, but don’t want to try to sell in this market. Renting seems like a good option, but I don’t want to think that renting a home is a better investment than the stock market, like you suggest. Thoughts?

By: G.E. Miller

G.E. Miller — Sat, 26 Jan 2008 17:41:33 +0000

Chris, great point there. Now is not the time to buy a property for investment purposes. I also wouldn’t recommend buying right now if you aren’t going to hold onto a house for at least 3 or 4 years.

By: Chris

Chris — Sat, 26 Jan 2008 09:10:33 +0000

I think in the same way stocks are a good value now because they are down 5-15% from last fall, houses are a good value as well. You never know what the market will do though… so buying *only* for the sake of investing is probably riskier. But from a more general perspective, it’s a good time to buy (all other things being equal).