Is It Time To Buy In Marin County Real Estate?
That’s a decision every buyer needs to make on their own.
I heard a great quote the other day:
“The time to buy is when there is blood in the streets. Not when everyone else is buying, when you’re fighting with five other offers to get accepted. It’s when nobody else is doing it.”
There’s plenty of blood out there right now, lots of deals are emerging too.
For example, there are a bunch of condos for sale right now in Southern and Central Marin, as well as some TICs, that make better sense as investments than anything we’ve seen in a long time. Prices have held steady, or even declined in some cases, and rents have risen. The result? You could be breaking even at 30% down, which was unheard of on anything in Marin County a few years ago.
And even if appreciation is ONE HALF of the historical rate of the last 41 years, that $400,000 condo is worth $600,000 in ten years.
Can your stocks do that? And deliver income along the way?
