Comments on: Make an Offer & Make Your Money When You Buy!
By Indian Joe on 09-26-08
It all sounds good but our market is just starting to slow down who knows where the bottom is.
By Ron C on 09-26-08
I agree, we haven’t seen the bottom yet. And even if a person found something underpriced, you’ll have to hang on to it for at least a couple of years and more likely five to ten years, before you could sell it, so unless you have steady, predictable income (ie big portfolio) it’s a risky investment. In this current economic climate, who knows who will have a job next year or the year after. Buy something now, even if it is underpriced, and then lose your job? Better off renting for a year or two and invest in something more secure, like Chinese or Europeon stocks. Now if you live in Iron Horse, well, lets just say you’re insulated from economic downturns and buying underpriced real estate (or large banks and investment companies) makes perfect sense.
By Citizen Kane on 09-26-08
The real estate market will continue to decline in Montana and nationally for 2-4 years. We will not see bottom until then. The mortgage crisis according to experts has been projected to last until 2011 perhaps longer. Hopefully the foreclosure rate increases, those who cannot afford million dollar homes, lose them, and the prices of everything tank. Then, the frugal and hard working savers can purchase the estates for pennies on the dollar WITHOUT a loan. Those who live by debt and credit will always be servants to those who issue the two.
The views expressed in the comments section do not reflect those of the Beacon.