News Focus
News Focus
icon url

sammy1024

08/23/06 6:39 PM

#33470 RE: CaribbeanJim #33469

what happened today? market not taking off?
icon url

MetalFillBoy

08/23/06 6:42 PM

#33471 RE: CaribbeanJim #33469

OT: CJ: "Buying low" in housing.

So you bring up a point of something that I have thought about. If one had enough spare money, either outright cash or enough to pick up another mortgage, at what point would one want to pick up a house real cheap due to a collapse of the housing market? Kinda like "buy low" part of the "buy low, sell high".

You seem to think 2020 is the right time to do this. Is that a SWAG or do you have a good idea of why 14 years from now is the right time.

Thanks!
icon url

FreeMarkets

08/24/06 1:10 AM

#33482 RE: CaribbeanJim #33469

CJ,

Wouldn't it pay to sell and rent if housing prices are going down a lot? I will be ready if prices fall a ton.

In Phoenix, we have thousands moving here each month. They have to live somewhere. I am hoping that keeps us somewhat stable.

FM