Posted by free on March 22, 2012, at 16:34:37
In reply to Re: The 'big one' is coming, posted by sigismund on March 20, 2012, at 20:26:13
Hi Link and Sig!
Wow, you gents certainly know quite a bit about economy. I, seem to be very proficient at spending, but unfortunately, am not too financially savvy about much else. So I'm glad to see this timely thread as I'm looking to invest in a property with a rental appeal. I live in a "desirable" part of the US (economically and lifestyle wise - according to the magazines). The property values have come down in my city, but not too much compared to the rest of the country, and seem to be holding steady. Call it "lazy" :), but I hadn't thought about the effects of inevitable rise in interest rates and foreclosures "opening the door to a better prices on housing." Do you think, then I should definitely wait and see what happens with the market at least until September? And when you say "I'd keep a good chunk in cash," do you mean to keep it liquid in the bank?
Thanks.
p.s. (((Siggy))), very happy to hear you're feeling disoriented...nice work! :)
poster:free
thread:1013397
URL: http://www.dr-bob.org/babble/social/20120312/msgs/1013649.html