Housing Market
Housing Market
What are you able to do if the housing market in your area is high and you are forced to buy a home at more than its true value then the housing market plummets what can you do to get your house at that new value?
2 Answers
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1
Nothing really - once you buy you are at the mercy of the market - if you think thats what is going to happen you would be dollars ahead to rent -
This is exactly what happened in the 2000-2008 time period and most whou bought lost -
If you like a home and can afford the payment - you do have to live somewhere - I am riding through the mess and just continue to make my payments - some day the loan will be gone and the home will be mine - if I needed to move I would be in trouble but our plans arent to go any where -
Good Luck with whatever you choose to do -
Brian Barnes
Nationwide Lender
Brian@AimWithFocus.com
1
You can take to 'flipping'. This way you stand to gain a subtantial return on investment while the market demand of the house is in that area is still high. Or else you can go with what Brian has said. In any case, weigh the pros and cons before taking the plunge!
All the best.