I have heard lot of people saying real estate is going down. market is going down. sales are going down. so prices have to reduced.

any price offered by any builder has a profit margin. builders can not give away a product without a profit margin. hence one might be able to get an deal in the current scenario. let me explain why real estate is there for the long term.

Example : a person “x” in the age 28 – 36 married with an kid. works in a stable job and leads a happy life. does not own an house been paying rent for quite some time.

this “x” needs to buy a house at some point to settle well. buying an house becomes a long term goal as this will help him pass across this asset to his children. so i believe this would be the right time to jump and buy a house since deals are available.

Example : a person “y” in the age 35 – 45 married with older kids. works high level or mid level and happy with his assets diversification.

this “y” has to capability to buy a home, should look out for deals and buy them. hey you dont get a better chance than this.

Example : a person “z” who is not confident and always looks negative part of the life. most time unhappy with job , life and kids.

this “z” will never be able to decide. no point telling him anything.

so give logical reasons why one has to buy. rather than saying my dad said , my uncle said , my neighbor said. people are there to say but what are you there for?

people who can decide with speed and informed decisions have always been successful. lots of people have been saying at 1998 that real estate was bad no sales. 2008 again bad no sales. industry goes in a cycle. some thing that has gone up has to come down that the negative  thinking. positive would wow real estate has gone down so when is the time to go up.