Here’s a link to a great blog entry I came across recently. It captures the essence of what I’ve been saying since before the market downturn: The decision to buy a house or condo should not be based on the state of the economy, but on whether you are personally and financially ready to make a long-term investment in real estate. Regardless of the market conditions when you buy or sell, history tells us that the longer you own property, the more likely it is that it will appreciate in value during your ownership.
By the way, if purchasing is still beyond the near future for you, financial advisors and mortgage planners are an invaluable asset. We’ve worked with some very courteous and reliable professionals in these and other industries. If you’d like a referral, we’d be happy to put you in touch.
