Right Time To Buy Website now up and running!
http://righttimetobuy.org
Brought to you by a super-secret "consortium of companies, organizations, and individuals involved in the local home building and buying industries."
"Honey, I read it on the internets, so it's gotta be true!"
Brought to you by a super-secret "consortium of companies, organizations, and individuals involved in the local home building and buying industries."
"Honey, I read it on the internets, so it's gotta be true!"
Comments
REwhores are getting hungry and more desperate. :twisted:
Domain Name:RIGHTTIMETOBUY.ORG
Created On:09-Jul-2007 21:34:39 UTC
Last Updated On:21-Jul-2008 18:52:05 UTC
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First, auto interest rates are at historic lows. I mean, you can't get any lower than zero percent, right? These rates have nowhere to go but up.
Second, economically, we're one of the healthiest areas in the country right now. Our unemployment rates are at historic lows. Many more people are going to be moving to Seattle, getting new high-paying jobs and they're all going to need an XL3500 Magnum superdutyquadcab 4x4 with the towing package and brush guards so they can drive to Bellevue Square to pick up a latte and some jeans.
Third, due to the auto manufacturers closing manufacturing plants and shifting production at other plants from trucks/SUVs to smaller cars, the supply of these vehicles will become extremely limited. Yes, sales have slowed and prices are down in some areas. But its important to note that while trucks and SUVs may be selling for a bit less, the vehicles themselves have not lost value and as the number of available SUVs on the market decreases, sales prices will start to rise again.
It's a Buyers Market
Right now there is a six-month supply of trucks and SUVs available for sale. This compares to a year's worth of inventory in Oregon, two years worth of inventory in Atlanta and a staggering eleven-year inventory in the hardest hit areas like Detroit and Florida. All this means that if you buy a SUV and plan to drive it for several years, that SUV will increase in value and be a good investment.
These conditions make it a buyer's market. Sellers are eager to deal and experts predict that buyers who wait hoping for even lower prices could end up paying more as interest rates rise, which they have already begun to do. If the truck or SUV you purchase costs less but your interest rate is higher, the interest rate you pay could wipe out any potential savings from that lower sales price.
....Many more people are going to be moving to Seattle, getting new high-paying jobs and they're all going to need an XL3500 Magnum superdutyquadcab 4x4 with the towing package and brush guards so they can drive to Bellevue Square to pick up a latte and some jeans.....
Months of supply I get. Distress loans, great. Employment outlook is arbitrary and inaccurate. But overall strength of metro area? WTF! What does that even mean? It's not a technical term, it's just an arbitrary make-believe column on their graph to make it clear that now is the right time to buy. Whenever now is.
Edit: Looks like it was timing:
http://findarticles.com/p/articles/mi_m ... _n21053702
I too was wondering if they used some sort of fitness scale to determine it. I mean, people here are less flabby than in many other parts of the nation. Don't quite see what that has to do with housing though. I mean, really fat people probably use their homes more than the fit.