i live in the bay area and am saving up for apartment units. how long will prices continue to fall?

March 11th, 2010 | by admin |

everyone keeps telling me to be patient because prices of homes and property will keep going down. how long will this go on and when should i buy?

If your objective is to get into the income property market, maybe you should think about single family residences as rentals to start out with. Apartment buildings are not as prone to the fluctuations of the market as SFRs. You may have a long wait for prices on these to fall to the level you can afford.

Also, interest rates are higher and loan to value ratios the lenders will give you are lower, so you will need more cash to get into these types of investments.

The value in the market right now will tend to be in SFRs and condos/townhomes, depending on where you are looking. If you would like more info about how to make prudent investments in income property, contact me at my website, below.

  1. 4 Responses to “i live in the bay area and am saving up for apartment units. how long will prices continue to fall?”

  2. By L 619 on Mar 11, 2010 | Reply

    The end of this year should be the peak of the fall. Won’t go any lower. Then slowly it should start picking back up.
    References :

  3. By **LiZZeRbOO** on Mar 11, 2010 | Reply

    You are saving up to buy apartment units or rent them?
    References :

  4. By unskilled idiot on Mar 11, 2010 | Reply

    simple, determine your required return and do an analysis of the cash flows of the property. then you can determine the price you should pay.
    References :

  5. By youradvisor13 on Mar 11, 2010 | Reply

    If your objective is to get into the income property market, maybe you should think about single family residences as rentals to start out with. Apartment buildings are not as prone to the fluctuations of the market as SFRs. You may have a long wait for prices on these to fall to the level you can afford.

    Also, interest rates are higher and loan to value ratios the lenders will give you are lower, so you will need more cash to get into these types of investments.

    The value in the market right now will tend to be in SFRs and condos/townhomes, depending on where you are looking. If you would like more info about how to make prudent investments in income property, contact me at my website, below.
    References :
    CA RE Broker http://yourhomeinsantacruz.com

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