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Rida Vulic
  • Real Estate Investor
  • Chicago, IL
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Is this the right time to buy property in the States?

Rida Vulic
  • Real Estate Investor
  • Chicago, IL
Posted Aug 3 2008, 10:47

With the dollar plummeting to an all time low and predictions that it will continue to drop it seems like a good time for me to buy as I am currently in Europe and converting my Euros to dollars. However the dollar crashing and the surplus of inventory out there is a concern for me. There are obviously people still buying in the States, it’s why we are all signed up on bigger pockets and as always there are advantages and disadvantages. Can we expect the prices to crash in the future as they have stayed a steady rate for the past couple years. This will be a long term investment for me so the immediate outcome is not important but if prices are coming down then maybe waiting for that would leave me in a better negotiating position. I have been outside the US for some time and following from abroad is not the same as things always seem grimmer when on the outside, yet still I cant help but wander is this the right time to by property?

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