Thursday, August 04, 2005

Real Estate - Now or Wait?

I'm looking at real estate once again and up comes this Money magazine article talking about the riskiest real estate locations. This index ranks Boston as one of the most at risk for a decline over the next two years. That's where I'm looking... Definitely no deals. Here's the article: Click here.

4 Comments:

At August 05, 2005, Anonymous Sue said...

It's hard to believe that anything is more insane than NYC. I tend to think now is not a good time to buy anywhere.

 
At August 07, 2005, Blogger wannabe_ceo said...

I think I linked to the same or similar article too. I don't want current homeowners tog et screwed but I need these prices to drop, and drop fast.

 
At August 08, 2005, Blogger Money Turtle said...

I know what you mean... If the Fed keeps jacking up the rates, that will sooner or later cool down the real estate market.

 
At August 09, 2005, Blogger Jose Anes said...

If you need a house, you need a house. If interest rates finally go up and deflate the bubble, rental prices will go up. Buying a primary residence still makes sense.

However, I would not buy an investment property right now. Some appartment complexes are converting to condominiums. That should tell something.

Money and Investing

 

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