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

By: Minimum Wage

Minimum Wage — Sun, 02 Dec 2007 03:46:50 +0000

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?

By: Patrick

Patrick — Thu, 29 Nov 2007 21:13:32 +0000

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.

By: Anitra

Anitra — Thu, 29 Nov 2007 18:20:38 +0000

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.

By: Ryan

Ryan — Thu, 29 Nov 2007 16:58:17 +0000

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.

By: Phillip

Phillip — Thu, 29 Nov 2007 16:49:35 +0000

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.

By: Northern Cyprus

Northern Cyprus — Thu, 29 Nov 2007 15:21:21 +0000

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

By: Webomatica

Webomatica — Wed, 28 Nov 2007 20:31:02 +0000

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.

By: Jen

Jen — Wed, 28 Nov 2007 18:37:32 +0000

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