real estate prices

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  • Bayarean

    Anonymous Poster

    18 years ago 02/23/2006 2:18pm EST
    re: kaitainen

    I'm not missing the point. I think I made it very clear that a purchasning decision has to be weighed by every individual based upon their own unique circumstances.

    The past is indeed the past, but the past few years have been a no miss for anyone getting into RE. What the future holds nobody knows, there might be a crash...but I'm not betting my house on it.

    RE is still a solid investment. Its not what it was and likely noneof us will see 20% appreciation again in our lifetimes, but hey, I'll take a soild 8-10% plus the tax deductions and financial independence any day of the week thank you very much.

    For most people owning beats renting most of the time.

  • registered

    Kaitainen

    Member since 12/07/2002.

    2,181 posts. Last post 9 years ago.
    18 years ago 02/23/2006 2:34pm EST
    re: Bayarean

    no, you missed the point on timing. yes, it was a very good decision to buy in many markets 2, 3, 4, 5 or more years ago.

    but that is an entirely different question than whether it is a good decision to buy now.

  • Bayarean

    Anonymous Poster

    18 years ago 02/23/2006 2:45pm EST
    re: kaitainen

    uhhhhh no I didn't, you just can't read.

    No investment is ever going to be a cast iron guarantee for returns EVER. But historicaly RE has been better than most.

    I have said I think now is a good time to buy for certain individuals, rates are still at a very low level albeit not as low as 12 months ago, so say for example you want to buy a home to raise your kids now would be a good time to buy and lock in a 30 year loan.

    On the other hand would I buy an investment condo in Las Vegas right now IO with zero down? not a fREAKIN CHANCE IN HELL.

  • registered

    Californian

    Member since 07/06/2005.

    1,025 posts. Last post 14 years ago.
    18 years ago 02/23/2006 2:58pm EST
    re: Bayarean

    If history is any indication, we will see 20%+ gains in home prices again, at least in California. It seems to happen every 10-15 years or so. Late 1970s, late 1980s, early/mid 2000s (even late 90s in the Bay area). Just wait until the end of the next decade. Of course, history also tells us that home prices could very well fall 5-10% statewide by the end of this decade and then appreciate a very slow rate in the years after that.

  • registered

    mcgato

    Member since 12/10/2002.

    3,713 posts. Last post 10 years ago.
    14 years ago 08/27/2009 10:52am EDT
    re: Bayarean

    Bayarean wrote:

    Newsflash - all you renters who were too afraid to pull the trigger on a purchase in the last couple of years or who were waiting for "the crash" have missed the boat. You just missed the biggest correction in RE history and the biggest opportunity to make some easy money.

    This was fun to read again, as I am about to renew my lease to rent the place that I have been in for over five years.

  • registered

    Silverback

    Member since 08/27/2009.

    32 posts. Last post 11 years ago.
    14 years ago 08/27/2009 11:43am EDT
    re: mcgato

    Thanks for bumping up this thread! That was the most entertaining thing I've read here in a long, long time.

  • UsedToBeKnowItAll

    Anonymous Poster

    14 years ago 08/27/2009 11:59am EDT
    re: Silverback

    Whatever happened to kaitainen? That dude was a badass.

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