Reply to Recession and DMV home prices

Forum Index » Real Estate

Reply to "Recession and DMV home prices"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]How is the anticipated recession next year going to impact the home prices in this area? [/quote]

I know the answer.

I [i]know[/i] the answer, thus, I’ve adjusted my financial position to return maximum monetary gains to exploit the anticipated  “impact”.

Why should I tell you? I did the work. I [i]know[/i] the answer.

I make no apologies. This is simply a case of finance and capitalism.[/quote]

Sure, Jan.

No one knows the “answer” that’s right for everyone, but also no one “knows” there’s going to be a recession.  There are a lot of factors currently propping up home prices other than the overall economy.  They could stay level, they could decline slowly, or they could plunge or continue to increase (I find the latter two less likely, but we don’t really know.)

Also if you’re “returning maximum monetary gains” you’re also subject to risk, which means if you’re wrong you lose big time.

OP just do the normal.  Save your money, watch prices/interest rates, know what you can afford, and when you find something you like that fits within your budget, go for it.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics