buying a home or condo is never a bad investment , I can almost guarintee when you sell in 2011 or 2012 you will have equity , please follow up with me at that time , i would be interested to know i was more than right . Jennifer Connelly 253-330-4196

Wed Apr 9 2008, 13:23

If you're not selling until 2011 or 2012, you should be OK. (P.S.: It's "losing" money--"loose" is when something isn't tight. Just a pet peeve of mine.)

But you bought in a decent area. Prices aren't declining there they way they are in, say, Prince William County. And even though prices may decline through 2008 and 2009, they'll probably then stabilize and then rise.

Relax. You'll be fine.

Thu Apr 3 2008, 12:17

You may lose a few percent of value this year, but the market looks like it'll just go sideways beginning early next year and continuing for the next 3 to 5 years or so (just like it did in the mid-'90s).

Real Estate is a long term investment and should be treated as such. If you're here for at least 3, if not 5 years, you should be about even in market value. Longer than that and you should start seeing appreciation again.

Thu Mar 20 2008, 12:35