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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Live2Sail12/27/2008 1:35:27 AM
Read Replies (2) of 306849
 
Thoughts about this post from a car site?

...if you're still interested in Santa Monica it really depends on your budget. If you're a $2MM+ buyer then don't bother waiting as that market is strong and still appreciating (depends on location)--but definitely not depreciating.

If you're under that $2MM mark, you can try waiting to see what happens (as nobody really knows) or you can try to be aggressive and get a good deal on a property. Especially if you're not looking to flip or cash out within a year or so, in the long run your property will do nothing but appreciate. Also take note, interest rates are very low. Even if property values drop about 5-10% in 6 months, chances are rates will begin to creep up and then you'll pay that difference in the long run.

in summary, start looking if you haven't--if you see something you like get aggressive and write some offers! oh and of course if you need any help I do commercial and residential investments in beverly hills--good luck!
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