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05.30.08, 18:18 PM General Topics
22 replies
When do you think the real estate market will pick up again? [ Reply | Watch | Flag ]
General Topics 05.30.08, 06:18 PM Flag
 

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in a year or so. [ Reply | More
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General Topics 05.30.08, 06:18 PM Flag
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4 or 5 years? [ Reply | More
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General Topics 05.30.08, 06:19 PM Flag
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not anytime soon [ Reply | More
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General Topics 05.30.08, 06:19 PM Flag
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my realtor says within 5 it should stabilize. Picking up again is a loooooong way away. [ Reply | More
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General Topics 05.30.08, 06:19 PM Flag
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probably will have a slight boost in the next year before it really bottoms out. i'm guessing it'll pick up in 3-5 years. [ Reply | More
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General Topics 05.30.08, 06:20 PM Flag
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So would you renovate a house (bought at the height of the market), sell it or just wait to do anything? [ Reply | More
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General Topics 05.30.08, 06:21 PM Flag
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I bought a house at the height of the market that has been completely renovated and we are trying to sell. . .it's not good. I would hold onto it if you can. NP [ Reply | More
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General Topics 05.30.08, 06:22 PM Flag
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We're thinking of building up (it's a Cape). Would be a big job, not sure whether to do it or do nothing. [ Reply | More
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General Topics 05.30.08, 06:24 PM Flag
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well, if you can afford to renovate and add on, then go for it b/c you can stay through the bad market and then sell when it picks up again. Contractors have good prices now b/c the market is so bad they don't have a ton of work. Do you want to move? You could take a loss now (like I am) but I know that I will make that back w/the new house that I buy. I'm buying a house that is 2x the size of mine, but getting it for a huge deal. So it's a loss for me, but then a huge gain. [ Reply | More
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General Topics 05.30.08, 06:26 PM Flag
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It's just so up in the air. I like my neighborhood a lot, and it would be hard to find one I like as much. Are you buying in the same town? [ Reply | More
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General Topics 05.30.08, 06:29 PM Flag
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no, but 2 of my friends bought in the same town and got amazing deals not quite 2x the size of their house now, but a def. upgrade and there is no way they could have afforded this 4 years ago. Why don't you just look around and see if there is anything you like and then make a decision. Or have a realtor come over and price your house so you have an idea of what you are working with. [ Reply | More
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General Topics 05.30.08, 06:31 PM Flag
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I was thinking of having a realtor come over, but part of me is a little scared to find out how much (or little!) my house is now worth. We already put about $75K into it. [ Reply | More
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General Topics 05.30.08, 06:35 PM Flag
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if you put that much into it, it must be in great shape, right? Just have them come over so you know what you are dealing with. You don't have to list it, but it could help you make that decision. [ Reply | More
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General Topics 05.30.08, 06:36 PM Flag
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First floor is. The second floor is small. We haven't done much to it because we keep thinking we'll tear it off and redo it. I should say part of that 75k was for a new wall and patio, which we love, but probably won't get back. So you think it's "kosher" to do that if we're not serious about listing? [ Reply | More
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General Topics 05.30.08, 06:39 PM Flag
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totally acceptable. [ Reply | More
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General Topics 05.30.08, 06:59 PM Flag
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np: when do you think will be a good time to buy for first-timers? [ Reply | More
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General Topics 05.30.08, 06:21 PM Flag
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np: I think now or within the next 6mo. Prices are at all time lows and can't really go all that much lower. Plus, just lowball the asking price and you'll probably get it. [ Reply | More
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General Topics 05.30.08, 06:23 PM Flag
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lol. prices are not at "all time lows." were you in NYC in the 1970s? that's all time lows [ Reply | More
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General Topics 05.30.08, 06:27 PM Flag
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jesus christ, is you are comparing prices from 30-40 years ago of course it's not even close. All time lows for this market; in the past decade. [ Reply | More
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General Topics 05.30.08, 06:28 PM Flag
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I would still disagree with you. They are not at all time lows for this decade. That would have been 10 years ago [ Reply | More
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General Topics 05.30.08, 06:30 PM Flag
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then we can agree to disagree. When would you tell a first time buyer to buy? [ Reply | More
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General Topics 05.30.08, 06:32 PM Flag
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When you have enough money for a down payment on a house you can realistically afford [ Reply | More
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General Topics 05.30.08, 06:39 PM Flag
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