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Strategies & Market Trends : Real Estate home/investment -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (31)	9/25/2000 10:12:02 PM
From: David Jones	Read Replies (1) \| Respond to of 73

swisstrader: Well I'll rub my crystal ball and say that I don't think there's really ever a bad time to buy quality real estate. But take into account I run my numbers as a prudent investor with 20% or more down usually. If your coming in with 3-10% your just going to have to weather the fears a smaller down brings. Now over bought, well it's kind of like charting stocks. How much product is available or in the pipe line, relative to job market, population growth / ie qualified buyers. If the projections are for continued employment growth. You should be ok. And ok regardless of % down. Buying in a good school district, close to employment where's there's a limited supply is a good thing. If there's a downtown and it to is quality "retail destination /evenning dinners etc" then close to it can be good also. Buying an upper mid or mid priced home may be the safer bet. I take it that's your market? Reason being the high end seems to take the hardest beating if in a rescission /correction; smaller market. You mentioned buyers are getting asking or better. The same condition existed here in N.Ca last March. Sense then it has cooled but no corrections just more supply available, or seller's time on market. Now the 10 to 30 percent appreciation question I'm not too comfortable answering. But I am expecting/ hoping for 8 to 12 percent by this time next year. "ever the optimist" I think for MY area this is a good estimate as any. This being a quality area with strong job projections and an under supply of product. I'll stick with my first thoughts. Regards; dave