Condos price is down, more people are interest in buying it

United States
December 4, 2011 10:48am CST
Would you still have confidence on the real estate for the future? I mean there might be a possibility of population booming in the near future, as more and more immigrants living in U.S. and they are more likely to have big family. With the recession, and the downturn of real estate industry, we might have bigger chance to invest again since the price is extremely low, and the mortgage rate hits the all market low now. Many people believe that it won't go any lower. In recent report, the condos price at in - town just getting 30% - 40% lower than the price that was in 2007, so it might attracts a lot of buyers again. But if you don't have confidence or affordable money to maintain a condos, you can always converted it to a renting properties since rental is the hottest now. Would you invest in real estate again if that is an opportunity?
4 responses
• China
5 Dec 11
I have no idea about the property industry in Ameirica. Yet a couple years ago, every property developer could make several million dollors in China a year. With the restriction of the government, the lucrative industry gets to dim too. Now it is very dangerous to invest in property. I won't take chances.
@ebuscat (5949)
• Philippines
5 Dec 11
For me yes if i have many money if I don't leave that type of house I would rent it so double income it is good that way.
@Bluedoll (17050)
• Canada
4 Dec 11
History had standards. A short term investment was buying a stock a long term investment was buying a home. These last days have flipped everything upside down? What will happen in the future? There may be winners and certainly losers but can we know before things happen anymore? It seems that unstablity is the norm in the 21st?
@TeamCholent (2843)
• United States
4 Dec 11
Every country in the world has a positive growth rate except for China(France used to not but opened the gates to immigrants which has changed that quickly) so based on that there is going to be a growing demand for property. You have to focus on aspects such as location and employment levels. If you buying in expensive areas you are catering and targeting those with higher paychecks. I invest a lot in stocks and bonds and have recently shifted a chunk of my portfolio into property until I have saved enough to buy a property. When buying property make sure you have enough as a down payment to help you avoid crazy fees and interest in the long run and make sure you can pay it off as quickly as possible. Best of luck!