I loved reading Andy's answer and I agree!
I sell residential real estate in Urban Dallas, ie. Uptown and Downtown Dallas and surrounding areas. I stay in the loop in more ways the one! Rents have been going up in Uptown and Downtown Dallas...from $100 to $400 per month increase! People are having to move and not resign leases and others are snapping up their units left and right. I've even had many people change their minds after giving their 30 or 60 day notices because they realized that all properties are going up on thier rents only to find that the property already leased their unit and they have to move out!! With the condo market taking a beating in the last 2 years prices are at an all time low and interets rates are seriously crazy low! In my neck of the woods...or let's say concrete...now is the time to invest! People are starting to buy these condos and they are snapping them up left and right! I was looking at the pending sales a couple of nights ago on the MLS and I saw:
Pending
Pending
Pending
Pending
Pending
Pending
Pending
Pending
Pending
Pending
Pending
Pending
over and over...Pending sales!!!
I say BUY BUY BUY! LOCATION LOCATION LOCATION!! low low low....INTEREST RATES!!
Sandy Maltese - Urban Realtor - www.dallaspropertylocator.com