I don't have any crystal ball, but I have experienced about a half dozen or so real estate booms since the mid 1970's and they seem to fit a particular pattern. At first, it's like a world gone mad and a buying frenzy, then the prices start going way beyond most folks budgets, then if interest rates start to to creep up, buyers start getting cold feet and then the bottom drops out. My idea is more of buying when the prices are lower even if interest rates are higher. Once you get a mortgage you can refinance later at a lower rate. Perhaps that is not happening at the moment, but nothing can continue climbing and climbing. One caveat though, they never go back down to where they were. They seem to settle back somewhere in the middle.here is a good chance the prices will become more reasonable.
He bought low, it went up, up, up, Then it came back more realistic. Now its back up.
Texas. Corpus, south padre or surfside / Galveston. Don’t tell anyone else... but it’s easy living. There is cheap land. The surf gets fun (when it’s not blown out) and when surf is blown, fishing is good.
I did the same thing lol. Lived in Cronulla.Tried to move to Australia in the 90's. Wife at the time was from OZ but she wanted to stay here? Now I'm stuck 1 1/2 hour drive to the beach. My vote is Alaska.
Tried to move to Australia in the 90's. Wife at the time was from OZ but she wanted to stay here? Now I'm stuck 1 1/2 hour drive to the beach. My vote is Alaska.
Precisely. It's the single most important decision. Where you live dictates how you will live.This pretty much....and I ain't advertising it. So much of where we choose to live can affect personal lifestyle beliefs as well....and that can be a major plus or a major minus.