A video clip from clip syndicate about home values in West Escondido, CA caught my attention and brings forth an important question. How can purchasing a home now be more beneficial than waiting for home values to decrease?
In the news video it stats that home values have decreased by more then 42 percent in West Escondido. I would consider an area like West Escondido to be a very risky investment until home values stop decreasing into the single digit numbers. I could be wrong though, home values may increase next year but the odds to that happening are slim to none.
Another news video at clip syndicate also talk about Houston, TX being a good market to buy in as the housing slump did not hit that market as bad as the rest of the country. Purchasing a home in a market like that sounds like a better investment than West Escondido.
Taking into consideration that the housing market is working to correct itself, what should consumers keep an eye out for? Where do you draw the line between good investment and bad investment?
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