Too Late!
May 26th, 2005 | by mbhunter |Those two words appeared on top of a real estate for-sale sign.
Not “SOLD” or “UNDER CONTRACT.”
“TOO LATE!”
This was in Stafford, VA, about 40 miles south of DC. Housing prices have gone up there faster than average in the past few years. This is the first time I’ve seen that wording around here with regard to real estate. Maybe it’s commonplace in other cities, like San Francisco. Maybe you can leave a comment and tell me.
I bought my house 3 1/2 years ago. I didn’t feel like I was “too late” getting into the housing market back then, but I might now.
As a person considering real-estate investment, I certainly think that I’d be getting in too late around here. Maybe not away from metropolitan DC, but anywhere near DC I’m priced out of everything unless I grab a few partners. I’m almost priced out of my own house in King George, VA.
Perhaps the “too late” is a marketing ploy, but it definitely strikes a nerve and will no doubt tip lots of people to the side of deep indebtedness. Lots of people probably didn’t think the boom would last this long. I certainly didn’t.
I’d just think twice about thinking that it’s too late. You can rent for a while. Around here you can sometimes get more house for your monthly payment if you rent!
One Response to “Too Late!”
By Robert Prieto on Oct 3, 2009 | Reply
I think the “Too Late” was nothing more than marketing. It’s never too late to start investing in your future and when it comes to real estate, you know they’re not making any more land.
I live in California and if it’s not too late here, it’s not too lat anywhere! The bargains can be found if you’re willing to do the work. Just get a good system, a good team and some good software to help you and you’re set to go.