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


To: Hawkmoon who wrote (35931)1/2/1999 1:09:00 AM
From: Bonnie Bear  Read Replies (1) | Respond to of 94695
 
Depends on the area...if there's a sharp number of foreclosures then the feds may drop interest rates a lot lower too (as in 93)
figure out an average house rent for the last ten years in your area...if the house can be financed such that its equivalent monthly rent comfortably pays for mortgage and taxes, and there's stable employers in the area, then it's time to buy.