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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (55484)	10/1/2001 7:01:25 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Mostly I was just pointing at how the rates are a sort of wash , you buy when rates are high you get the house cheaper, when rates are low the house cost more. In the long run for the majority "timing" a house buy via interest rates is not the way to do it. If you time buying there should be personal reasons that exceed what interest rates are. A home is one of the best "long term" investments going but it's a piss poor short term one. However all to often people over leverage thinking the stock market will not only pay off their mortgage, but that the home will always increase in value. Real estate companies love high "turn over" type homes. They have nothing invested and still get the commision. The "turn over" rate can be higher in some parts of the country than others. Personally my idea of investing in a home, is you buy only when you feel you will never need or want to sell it. ---------- OR you speculate with cash, deal direct and bypass real estate commissions and interest rates , long term even raw land is most often a better hedge aginst infaltion than gold is. Jim