As the new year approaches, the fog is thinning out. Cindy made a reference to the ol' glass half full routine, and it seems that we were looking at the real estate mess as a half empty glass. Upon further analysis, it seems that the sub prime mess is an opportunity for us, not an impediment to our desire to buy a house and get married in it this coming year. If you look at it, next year may be a great year to get into a house for two reasons: prices are low and have probably bottomed out, and interest rates continue to fall. We should be able to buy a lot more for our money than we could have just a couple years ago. And it is most likely that the home value will appreciate rather than continue to decline. The hard part, of course, is the selling. We are not going to take near the amount of cash out of selling our properties that we would like, but that seems to be a short term problem. In the long term, the benefits of buying low far outweigh the issue of selling low, if ya get my drift.
We are planning on going full steam ahead after the 1st of the year with preparations to put our properties on the market as soon as we are able. At least that's what we're saying now..........
Tuesday, December 18, 2007
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