Quote:
Originally Posted by Winsor_Pilates
I'm half in this boat and half in the other. As a young person fairly new to the workforce, I'd love to see prices down so I can get in more in both stocks and real estate.
As a person employed in real estate, this market sucks because it hurts my pay cheques and career development.
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Me too.... one half of me is ok with some dropping, and one half likes the value to keep growing.
We bought a bungalow in Glamorgan back in 2001, just as we were married. Paid $220K then, it peaked at about $575K eighteen months ago, and is now right around $450K. Still a super investment.
But, my family has outgrown this house. We need a larger house for the kids. I really want to buy an acreage, but youre looking at $850k+ (at todays market) or so for any in areas I want to be in.
So, on one hand, the drop has been nice in allowing me to look at acreages. On the other hand, if I buy the acreage and it continues to plummet, I'd be screwed. And I cant wait and wait because I need the space asap. I am not sure what to do...