Citan001 said:
As a realtor and owner of $$$$$ worth of property trust me the rich are still buying houses…I just bought one 2 months ago. Right now if you have the money its the time to buy and everyone knows that because people are giving away houses for dirt cheap…In my case for example the house would normally go for atleast 400k I got it at a steal at 200k and the builder threw in 5 discount points(interest rate points. 1 discount point=1/8 percentage point) and brand new stainless steal appliances. People are still buying and they will continue to do so because you cant make more land it always has and always will be a rock solid investment as long as you do your homework and buy smart. The housing crisis is hitting places like cali and flordia hard because people were buying half a million dollar homes when they couldnt afford it and when the property alone was never worth that much to being with. What happens is the first guy on the block sells his house and its a popular spot so the next guy is trying to get more out of it and so on so forth and it drives the cost to buy these houses through the roof. Remember the value of a house can only grow at a maximum of 10% per year and they did that so that people dont get slammed with high property taxes. So the more it changes hands the quicker it grows in value because that 10% gets reset every time a new owner steps in.
Hook it up with a job yo!
lol but seriously, if you’re interested in something in the Houston area holla at me.