Sunriver Houses
http://PropertySunriver.com Sunriver Houses: A Good Time to by a Second Home
"In many vacation markets, you can pick up a beach condo or a mountain cabin at a decent price. In some markets, homes are back to 2000 prices," said vacation home guru Christine Karpinski, director of Owner Community for HomeAway.com (an online vacation home rental Web site).
She says a host of market conditions have converged to make buying a second home a smart move right about now.
⢠(Sunriver Houses) Take the stock market. Please.
"Stock market woes have always pushed people to look for alternate investments, and real estate is a consistent stronghold," she says. "Yes, home values are down right now but they have always rebounded. I wouldn't recommend buying a second home with the expectation of flipping it for a quick buck, but if you hang onto it for a while -- and better still, turn it into a vacation rental property -- you'll make a nice profit," Karpinski says.
⢠(Sunriver Houses) Interest rates a...
