Buy Now, Buy Later?
Now, according to this article in MONEY and I think I agree. I have decided to sell an out of town property and buy an investment house in Dallas. Reason? I think we have seen the lowest interest rates we will see for awhile. A long while. When we were buying our first home in 1981, the Hunt brothers had cornered the silver market and interest rates were 18%. That slashed the size and cost of the homes we were looking at to two bedroom/one bath bungalowes. (Yes, I have a nice big home now, but we worked our way here home by home.) I didn’t get one piece of silver for a wedding gift, either, because folks could not even afford a sterling toothpick! (Wah, wah.) Anyhow, what do you think? Is this is a good time to sell? If I have an investment property in, say, San Antonio, should I lease it out or sell now? Would you buy in Dallas or park the cash?
One Comment to “Buy Now, Buy Later?”
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Buy now Candy. If I won the lottery tomorrow I’d put every penny into some of the great deals that pop up every now and then south of LBJ and in Northwood Hills. Combine that with the interest rates and I don’t think we’ll see these days again for a long, long time.
Just ask DW Skelton. They aren’t getting any cheaper south of LBJ.