Re: Buying property...question?
Aeon, as long as you are not looking for a short term investment and you are going to stay in the condo for at least 5 years it would be a wise move.
Interest rates are still at historic lows, and can only go up.
It would have been wiser to buy property 3-4 years ago. There is probably a housing bubble ( especially on condos in places like Miami, and other big cities) in some places, so it depends on where you are buying.
Even where the "bubble" is worst, there will not be a total collapse like stock market, it will jsut lead to flat pricing for awhile, and some of the condo towers slated to be built the next few years will not be built.
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08-10-2005
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