Archive for January 5th, 2008

What time is the best time to buy a house (if you still have buying power) ?

Saturday, January 5th, 2008

What time is the best time to buy a house (if you still have buying power) ?

From studying history, I find that the best time is not pre-recession (Jan 2008). It may not be in the middle of recession, end of 2008 or end of 2009 (we don’t know how long this recession will last). The best time is when recession is passed (at least officially), when unemployment reached its highest level, that would be sometimes in 2010. I know you don’t have such patience to tame you desire for that long, but let’s throw our emotions aside, that’s the best time to pull the ‘buy’ trigger.

January 2008
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