usvi-on-line
Double dip
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IslandElle
- Posts: 72
- Joined: Sun Nov 15, 2009 8:21 pm
- Location: Dallas
My husband is in private equity. His job is to invest in companies. His specific job is to analyze those companies to see if they are a good investment and to follow and analyze the market. I think he is good at what he does and is very smart with our money when it comes to investing. (he thinks he is lucky but he is very modest!) We went all cash about a month ago. I don't really understand what he does or why he does it but that's what he did. He thinks there will be a double dip and so far he has been right in his decisions.
I do know a little bit about the real estate market though since I have been a realtor for 9 years. Sales have been way down. Sales were up until the end of April with the tax credit, but down again once that was over. One thing to remember, just because they say it is a buyer's market doesn't mean it is time to buy. That just means it is not a good time to be a seller. The market is prime for a buyer. Houses will be cheaper, sellers will be more willing to negotiate, DOM are longer, etc. All these things equal a buyers market. Toes in the Sand was spot on with who the realtor represents. But they can just represent the buyer if another realtor is representing the seller. No realtor would ever just be one or the other strictly.
I do know a little bit about the real estate market though since I have been a realtor for 9 years. Sales have been way down. Sales were up until the end of April with the tax credit, but down again once that was over. One thing to remember, just because they say it is a buyer's market doesn't mean it is time to buy. That just means it is not a good time to be a seller. The market is prime for a buyer. Houses will be cheaper, sellers will be more willing to negotiate, DOM are longer, etc. All these things equal a buyers market. Toes in the Sand was spot on with who the realtor represents. But they can just represent the buyer if another realtor is representing the seller. No realtor would ever just be one or the other strictly.
We have thought about buying a 2nd home. We wish we would have bought a townhome (or 2) in Breckenridge 20 years ago. We'd be making a fortune on it today. $65,000 for a 2 bdrm on Peak 9 back then. 
However, after some thought, we decided that we'd rather travel to lots of different places and rent a place and see different things. That way when we pack up and leave, the place isn't our headache to take care of and maintain.
Besides, we own 2 rentals already and that's enough to take care of.
However, after some thought, we decided that we'd rather travel to lots of different places and rent a place and see different things. That way when we pack up and leave, the place isn't our headache to take care of and maintain.
Besides, we own 2 rentals already and that's enough to take care of.
Man I would wait for sure with the way things are going. Good idea take a vacation you will have plenty of time to get a good deal on a place in my opinion. This thing is far from being over if ya ask me. The only answer the goverment has is to keep printing money and they still can't inflate the economy. Second stimulus probably coming as we try to keep this so called recovery going,try to kick the can down the road another year or two. That can is getting mighty heavy though, someday we are going to break our foot and have to take the pain we must endure to correct things. That probably means you will get a chance of a lifetime to purchase a second home just hope ya keep your jobs or are allready financially fit to take advantage of it. This ain't a typical recession thats for sure. Look at that last chart Dave posted, my Gawd talk about volatility all thanks to world goverment stimulus. We be messin with something the markets will correct on there own in a not so nice fashion in the future. When anybodys guess??? just hope I am in a position to take advantage of it when it happens. Hey who knows maybe we will be able to afford something on St John 