Talk of The Villages Florida - View Single Post - Thinking of Buying a place and renting it out for now. Lots of Questions.
Thread: Thinking of Buying a place and renting it out for now. Lots of Questions.
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Old 01-04-2015, 04:10 PM
Carpe Diem Carpe Diem is offline
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Quote:
Originally Posted by Jimturner View Post
Home prices are on a peek on the high side right now. Look for reduction in sales prices over the next 12 to 18 months, then another upsurge. Buying to rent now would be a mistake. I recommend buying when the current surge bottoms out. Look at summer of 2016.
Home prices have been rising, but there's no way they have peaked. Despite the rise, median home prices are still $50k below the 2007 peak. There's no reason to think that they will not continue to rise as "build out" approaches . . . and by 2016 or 2017 they should reach or surpass 2007 prices.