Poll: With More Foreclosures Hitting the Market, Do You See Any Opportunities?

By Jeremy on Nov 28, 2007 with Comments 10

It is hard to ignore all of the news surrounding real estate, subprime mortgages, and foreclosure rates, but even with such bad news, is there a bright spot to it all? You can’t deny the fact that this situation is having a significant impact on our economy and many homeowners, but as with everything, with the bad comes possible opportunities for others.

What do you think about the Hindenburg Omen?

• It is going to accurately predict a market crash.
• It doesn't mean a darn thing and people have too much time on their hands.
• It has been accurate in the past so I think it could really signal a market move.
• You could flip a coin and make the same prediction.

View Results

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Filed Under: Polls • Real Estate

Comments (10)

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1. Jen says:

   November 28, 2007 at 1:37 PM

   I voted Other because I’ve owned my home for just one and half years. It would be silly for me to sell now and try to buy something else, so I am staying put.

   Plus, I really, really hate moving

   Reply
2. Webomatica says:

   November 28, 2007 at 3:31 PM

   Still saving for a downpayment. I’m thinking we’ll buy sometime in late 2008 or 2009. I’m expecting prices to be lower then.

   Reply
3. Northern Cyprus says:

   November 29, 2007 at 10:21 AM

   Foreclosure does not necessarily mean that there would be no opportunities. I gues it eill only be limited.

   Reply
4. Phillip says:

   November 29, 2007 at 11:49 AM

   I’m looking for another place in a good neighborhood to rent out.

   The ironic thing is that I’m also a renter myself, but I’m not very particular about the neighborhood I live in. It depends on where my skills would take me.

   Renting out property is just another source of passive income for me.

   Reply
5. Ryan says:

   November 29, 2007 at 11:58 AM

   I believe prices will fall for another 12 – 18 months, but that doesn’t mean there are great opportunities out there right now. Looking just for pre-foreclosures might not be the best stratgey since most of these don’t have any equity to negotiate.

   Reply
6. Anitra says:

   November 29, 2007 at 1:20 PM

   Other. Put a 5% downpayment on a house less than 6 months ago, as the market was starting to turn downwards. We would have liked to wait longer, but were tired of moving every year or so when leases were up.

   Reply
7. Patrick says:

   November 29, 2007 at 4:13 PM

   Other. My wife and I have only owned our house for 2 years and have no plans to move right now. We also don’t want to become landlords right now because we are not sure how long we will live in this area. Probably a couple more years, but currently onknown.

   If I were looking to buy, I think there are opportunities, especially where I live, which has one of the higher foreclosure rates in the US.

   Reply
8. Minimum Wage says:

   December 1, 2007 at 10:46 PM

   I voted Other because this reminds me of the “if a tree falls in the middle of the forest and there’s nobody around to hear it” question.

   If you see an opportunity, and lack the money to take advantage of it, is it really an opportunity?

   Reply