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Support. User Login. Username. Password. All information provided on REO.com is deemed reliable but is not guaranteed and should be independently verified. ??????Copyright 2002-2005 REO.com | About | Privacy and Security Statement | Terms of Use
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Should You Buy Real Estate Now
By Suzie Shannon
I have been seeing the market on fire for a long time and have started telling
my friends, "don't buy now". No one can accurately determine exactly
when it will happen, but it is definately on the way. The time to buy, unfortunately
for the losing party, is after the crash. Housing will go down in value drastically
and when this happens it has a ripple affect on other things, such as employment,
consumer spending and federal obligations.
Right now the department of Federal Housing and Development is busy as bees.
One reason is because President Bush was made aware of some problems in the
industry, mainly with pressure being put on appraisers, by loan officers, to
come in with high values and no repairs. I have personally been threatened
with not getting future work. The second reason is HUD is worried. If you remember
the savings and loan hearings, that is the legitimate concern again, now.
The only thing I can recommend is buying in an extremely rural location, where
the supply and demand has not been established yet. That is also a good place
to invest in land, which will never go down in value, provided it is problem
free, environmentally and so on. Please rate and tell friends.
Suzie is a licensed real estate broker and certified residential appraiser
with over twenty years of experience who hopes to improve the industry one
step and one person at a time. Other professionals in the field including brokers,
appraisers and educators have contributed as well. http://www.freewebs.com/realestatenews
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