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Tap Today's Housing Opportunity

April 14th, 2008 11:14 AM by Lehel Szucs

Falling home prices spell opportunity for buyers, even if they already own a home and don’t want to be a landlord.

Here are three ways to invest in today’s housing market.

Trade up. Now’s the time to buy a larger home in a better neighborhood at what will almost certainly be a good price. To be sure, buyers will have to sell their old home at a modest price. Still this could be an excellent time to improve quality of life at a bargain rate.

Buy a vacation home. Buyers, especially those who are a few years away from retirement, could find this is the perfect time to buy a place that will be more than a vacation home down the road.

Help offspring go from renters to owners. This is a great time to give the kids an advance on their eventual inheritance so they will have enough money for a down payment.

Source: The Wall Street Journal, Jonathan Clements (03/12/2008)
Posted in:General
Posted by Lehel Szucs on April 14th, 2008 11:14 AM

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