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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (84686)	12/17/2011 7:46:26 PM
From: Ilaine	1 Recommendation Respond to of 217561

Sooner or later, 30 year fixed mortgage interest rates will be higher than 3.5%, probably sooner than later, I have no doubt, since that is the lowest they have been in history. Sooner or later houses will cost more, although who knows when? But if houses cost more, doesn't that mean that real estate "recovered"? Hmmm? As for real estate, you have to live somewhere. You either rent or you own. Work the numbers, see what works for you. Balance is shifting toward owning again. And for those who bought before the bubble, and did not refinance away all their equity, it's a no brainer. Owning for them is now cheaper than renting. Balance has shifted. I don't have much of an opinion about getting back into flipping, except that it appears that you have to have a lot of cash in reserve and the ability to fix things yourself. I see the professional flippers are back in the local market so it must be working for them. I would not advise this for amateurs.