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I think it is an excellent time to buy if you can. Not so much a good time to sell. If I was in the market for a home I would definitely be looking. If I was able to buy a few homes to rent them out, I would also be doing so. It is for sure a long term plan but as long as the country doesn't implode it should be a good income producer for rentals down the road once the property is paid for and the house values should be back to where they were pre-housing bubble.
I'm with XRAC. I think it is going to be 6 to 10 years depending on your location. As usual, I think California will be the first to get back to pre-housing bubble prices. Some places may never get back to those prices and may be stagnant for several years (beyond 10).
I would take real estate right now over gold for long term growth and safety. Short term, I'll take liquidity or anything that produces income unless it is illegal of course.
I'm with XRAC. I think it is going to be 6 to 10 years depending on your location. As usual, I think California will be the first to get back to pre-housing bubble prices. Some places may never get back to those prices and may be stagnant for several years (beyond 10).
I would take real estate right now over gold for long term growth and safety. Short term, I'll take liquidity or anything that produces income unless it is illegal of course.
