Now that we have gotten through the first month of 2011
and heard the presidents State of the Union address we can comfortably say that this year will be…. well, not much different from last year. Sorry, this is a really tough recession and it’s not going to end soon.
As I have been saying for the past year, if you are in the position where you’d like to buy a property to live in or as an investment, this is still a good time to buy, the catch is, you need to commit yourself to at least a 5 year plan. I don’t see values going up enough to be worth your investment in less than 5 years.
That said, I don’t believe that values are going up fast but Interest rates are going to start going up but I don’t really think they will skyrocket, I’m not an economist but I also don’t think the economy can handle really high interest rates.
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