If you have seen my 2008 report on the residential housing market in the Bath School District then you are probably still locked in your room crying. This is especially true if you were one of the majority of buyers who got into your home with a mortgage somewhere in the 2004-2006 range. If you are feeling stuck... that's because you are. You bought your home during the peaks in demand and paid the historically highest prices. I do hope that you are planning on staying where your's at for the next 12 or so years because it may be that long before your investment shows a profit that compares to what is average for a return (3% per year).
If you sold your property during the past 5 years and have not purchase another piece of the American Dream.... I need to know what you're thinking! Interest rates are the lowest in your lifetime, property values too. There is not a better 10-20 year investment right now than REAL ESTATE!
No comments:
Post a Comment