- sukh22Participant@sukh22Join Date: 2020Post Count: 1
need a suggestion about investing at this time or should wait for price dropJaxonParticipant@jaxonaJoin Date: 2014Post Count: 284StevenParticipant@steven1982Join Date: 2017Post Count: 189
wait for price drop
You can’t predict or time the market, so don’t even try it.
Make offers based on numbers that:
a) makes sense
b) provide you with buffer
c) allow you to add value so you create equity rather than “waiting for equity to build up over time”.
Study the area well and make sure the place where you invest and how you invest fits your strategy.PropDirParticipant@propdirJoin Date: 2020Post Count: 2
Yes, I believe it is a good time to invest. Prices in many areas are discounted (given the current situation), and interest rates are low.
However as Jaxon says, ensure the numbers add up and ensure that whatever investment you make aligns with your longer term strategy. Do you due diligence research on specific areas, consider different options, then make a decision.
PropertyDirector.com.au | Digital Platform for Property Investors
Easy Digital Book keeping | Forecast Your Portfolio | Market Activity & Research ReportsHomeBuyerLouisianaParticipant@homebuyerlouisianaJoin Date: 2020Post Count: 17
I think it is always a good time to invest, the question just is where is the best place to invest now. If you think prices in the market you are interested in are going to drop then make offers based on your predicted prices. If they accept you offer and your prediction comes true you are covered and if the price drop doesn’t come then you bought really well.
HomeBuyerLouisiana | Home Buyer Louisiana
Aussie entrepreneur investing in New Orleans housesPropertyGuru31Participant@propertyguru31Join Date: 2018Post Count: 8
Hi there – yes, it certainly is. I am currently looking around for bargains.
It will be worse in a few months (say end of year) when the job keeper payments cease. So me gonna be looking for some fire sales.InvestJon1Participant@investjon1Join Date: 2020Post Count: 3
From a fundamental investment point of view the historical experience that covers recessions, wars and even pandemics (in 1918) tells us that the long-term trend in shares and other growth assets is up and that trying to time bottoms is always very hard.
No one will ring the bell at the bottom, which by definition will come at a time of maximum bearishness when all the news is horrible
- This reply was modified 3 months, 3 weeks ago by InvestJon1.