Let's see.CJJ25 wrote: ↑hi all, i am thinking of jumping in for an investment property (detached house in the suburbs).
is this the right time? if this is a primary residence then I wouldn't care less about the "housing bubble" talk because time is on my side. but with an investment property, is there such thing as timing the market? i guess what i am asking is if the market is risky right now for an investment property.
also, where can someone obtain rent report? to better understand what kind of rent a certain property in certain area can fetch?
- One of the longest uninterrupted runs in real estate price increases in history, especially in the last few years.
- Lowest interest rates in history and now sustained for quite a while.
It sure isn't bargain territory and you could easily get burned if you expect quick gains. I never do and buy for the VERY long term, ie 20 yrs +