Quote:
Originally Posted by troutman
Location, location, location.
In some communities home values have stayed level.
Usually the market heats up in the Spring, but we are in unusual circumstances.
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The above is key.
Whenever I have purchased property, I looked for that inner voice that said to me, "I want this property". If that happens to you, then when it comes time to sell it, there is a high probability it will happen to others.
I would look at land values...especially inner core. In some cases, the land is worth just slightly less than the house plus land. So in effect you are getting the property at a huge discount to replacement value.
IMO in the long run, you have to be in real property to offset inflation, and create wealth.
However, have said all that,
Timing is everything, and waiting, until you can afford the risk, may be the right thing to do.