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I have a related question. Do you guys think it is a good time to invest in real estate. I live in Southern CA, so property is pretty expensive as it is. Rig
by josephl 18y ago
I have a related question. Do you guys think it is a good time to invest in real estate. I live in Southern CA, so property is pretty expensive as it is. Right now, I'm looking at places for approx. $300k that were approx. $500k two years ago. Given that fact that interest rates are not bad either (5.5-7%), it does not seem like a bad time (given that I will have no problems making the payments). This would be my first home purchase, so I'm pretty new at this stuff.
- jon_dahl 18y agoAre you looking to own your own home, or make money investing in real estate? If you're talking the former, and you can afford it (20% down-payment, non-ARM, comfortable monthly payment), then I'd probably do it personally. If you're doing it as an investment, I'd hold off unless you have a lot of money invested already and are looking to diversify. "They" are saying that home prices may slide for another year or two at least. Of course, "they" are often wrong...
- josephl 18y agoI'm looking to own my own home. I've got 10% down, non-ARM and semi-conformable monthly payment (relies on two incomes).