Maine Waterfront Property – Local Paper Says the Time to Buy is Now
May 29th, 2008 categories: Observations and Commentary
At the risk of beating the drum once too often, I was reading the local daily, the Portland Press Herald, and on their editorial page they were making note of the recent downward slide in home prices. They seem to see the same silver lining I do. While the lower prices may be a source of consternation for sellers, they are also a source of great opportunity for buyers.
Much is made, the editorial says, about buyers trying to time the market – waiting for the moment the bottom is reached and then jumping in with both feet. As I have opined in a previous post, the editorial says market timing is sheer folly. The editorial ends with these words of wisdom:
“This is likely a good time to buy a home, even if the market hasn’t bottomed out. Sure, maybe in six months you might say you wished you held out a little longer. But then again, maybe not.”
To read the whole editorial click here.
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Tom - MrLakefront
