Are you paying attention to the financial outlook? Oil is less than $50 a barrel. It hasnt been this low since the spring of 2008. In fact other factors that were in play in Spring of 2008 are there again. If you are out of debt and saving for a move to property, you are in a good position. This is not a good time to enter into a long term debt/obligation though. Interest rates are about to go up. But Housing prices usually correct after an interest rate increase. You dont want to have a mortgage on a property that is about to lose a significant portion of its market value. If you are looking at a move to your dream homestead this year -- check what happened in Fall of 2008 to property values in your perfect area -- it might give you a hint at what you can expect this Fall. Timing could be very important this year.
Posted on: Wed, 07 Jan 2015 02:50:57 +0000
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