Today's Los Angeles Times has a front page story that many of us will find interesting. Click on the link to read the entire article.
The question, I suppose, is are we at the bottom on tippy toes with our heads back trying to keep water out of our nose , or are both feet firmly on the bottom, shoulders above water, cocktail in hand?
Not many people successfully time markets, real estate or stock. With so many great deals out there, and rates at historic lows, it's a good time to buy...the right property for your needs and at the right price point for you financially. Does it make sense to gamble with finding a firm bottom when this potential new home, investment property, or vacation home is priced at a good value and rates are as low as upper 4% range?
I certainly would not advise you, or anyone, to purchase a home that is not a good value. But if you're "in the market, just waiting to see if the guy on the edge is going to do a cannonball that forces water up your nose", I say enjoy your drink and keep an eye out for the terrific opportunities in real estate right now. I can help you.....and lend you a noodle to float on if it makes you feel better!
Russell Hill 760.203.2959 RussellHill@dc.rr.com
PS: The photo is of me taken last sunmmer, aqua-running.
1 comment:
Feels like the bottom to me. My stocks are going up and I'm hoping the real estate in Palm Springs will start doing so as well.
Thanks for the heads up on the article.
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