Lake Bonham Topics: Home Prices

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	Name:	roswellric -
	Subject:	Home Prices
	Date:	4/2/2009 10:58:02 AM

From a macro viewpoint you have a couple of things going on in the housing market. Home prices have had a historical relationship to household incomes and without boring you with the gory details this relationship of household income to shelter cost got out of whack by about 25%. So the expected decline back to normal would be about 25%. But you have the oversupply factor. That's the local wildcard and you will have to determine the effect of that because it's location specific. Bottom line? Unless you think we are headed for a depression this is one of the best times to buy a principal residence. There can be a difference between a second vacation home and a retirement home but the fundamentals are stronger in my opinion for the retirement home sector than vacation. Of course they can be both in the right area and circumstance. If you want a bargain in vacation homes look for a relatively inelastic supply situation - bigger price swings in good and bad markets - like Lake Martin and buy on the dip. Having said all that do your homework and consult professionals before making any decisions.

Other messages in this thread:

View Entire Thread

Home Prices - Kizma Anuice - 4/2/2009 7:47:42 AM

Home Prices - roswellric - 4/2/2009 10:58:02 AM

Home Prices - John C - 4/2/2009 12:47:17 PM

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