With the housing market so volatile these days, when do you think will be good to start buying houses again?
There is an old vietnamese saying which roughly translated means there is only 2 times to do something, there is yesterday if not then, than to-day.
Hi bagpiper,
Don't pay any attention to the masses, or the media. In Australia it seems we always are happy to pay discount prices for everything, shoes, tools, clothes, furniture, etc. The only thing we don't want to pay discount prices for is our assets. We would rather wait till the press tell us the market is hot, wait till we are falling over other buyers and competing in multiple offers and masses of buyers who are driving up the price of property.
Are you getting my drift?
There are some very good buys out there, there are markets where the prices of the properties have gone up in value in as recent as the past few months.
Identify your budget, set your goals for what you want to achieve from your properties and then go find the properties that will meet your strategy. Capital cities are even producing better returns than some regional towns and at prices below these towns.
Keep in mind your own budget, and risk profile and then make a decision on what to buy based on your figures and factual details and enjoy riding the wave when the masses start to fall over themselves as they enter back into the market.
Happy Investing.
Paul.Positive Results | Educating Property Investors / We Find Houses
http://wefindhouses.com.au
Email Me | Phone MeHelping You To Invest With A Purpose To Finish With Successful Results
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