I would like to get outside opinions in these uncertain times.
We all know the value of the dollar is droping like a rock with no end in site.
We also know the real estate market is slow and effected by the economy.
I have heard people say sell and get out before its too late and other say hold on to your real estate.
Acquisitions will be harder and harder as more banks fail putting additional constraints on our market. As the fed continues to bail lenders out...our dollar value drops more. It's a vicious cycle that's just in the beginning.
I do feel that if a property is sold without exchange that the tax burden may be greater than the market adjustment for the future value but what about the owner that is straining to maintain ownership or a primary residence?
Should they consider selling and wait out the market to make a better purchase later? If the value of the dollar is falling will this help maintain our real estate price threshold due to foreign investments...
Any comments of your in site would be appreciated. Maybe together with compiled thoughts and debates we can come to better conclusions of our own.
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