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Old 10-24-2008, 08:38 AM
 
84 posts, read 342,677 times
Reputation: 27

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Anyone have an idea of home prices in Cinco Ranch would go down soon?

With the Economy/Recession fears, do you guys think the price of homes in Katy especially in cinco go down?

I am debating whether to buy now or wait it for 6 months and see how it goes?


Anyone in same boat?
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Old 10-24-2008, 09:35 AM
 
19 posts, read 77,947 times
Reputation: 26
Let me ask you--Would you rather buy a home now and see the price drop knowing that the home fits your needs or pass on the home in hopes of the price going lower only to see it rise? They only time you know the bottom of the market is when it has already passed.
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Old 10-24-2008, 09:58 AM
 
84 posts, read 342,677 times
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The reason I asked that is because they did increase the base price to 13K in the past 6 months. It didn't go down for sure. Thats why I thought whether it would go down anytime in the next few months.
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Old 10-24-2008, 10:35 AM
cla
 
898 posts, read 3,308,023 times
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The economy is still good here. I live out in Cinco and the building doesn't seemed to have slowed down, so I wouldn't count on prices going any lower.

I saw an abc news video that shows that Texas is one of the few states in a period of expansion - not recession...

Yahoo!
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Old 10-24-2008, 11:48 AM
 
Location: San Antonio-Westover Hills
6,884 posts, read 20,405,752 times
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I doubt it will go down.
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Old 10-24-2008, 03:21 PM
 
Location: Katy,TX.
4,244 posts, read 8,760,314 times
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I would wait till next year if I was in your position, I don't know if the prices will go down but I'm sure it wont go up anytime soon.

Don't listen to people when they say " buy now or you'll miss the boat" The same house that my wife and I pulled out of in Cinco Ranch(Aug.07) is still going for the same price lol

FYI; If you don't have kids enrolled in school right now, why pay high property taxes for someone else kids? You could rent and get all of the same benefits without getting the shaft.
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Old 10-24-2008, 08:06 PM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,735,217 times
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If home prices plummet in Cinco that means the energy sector is dead which means Houston is the last place you want to be buying a house.
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Old 10-24-2008, 08:52 PM
 
166 posts, read 899,365 times
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Quote:
Originally Posted by chris_ut View Post
If home prices plummet in Cinco that means the energy sector is dead which means Houston is the last place you want to be buying a house.

We might be headed that way with oil prices going south...
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Old 10-25-2008, 12:37 PM
 
Location: So. Dak.
13,495 posts, read 37,442,065 times
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Quote:
Originally Posted by stratfordspartans View Post
We might be headed that way with oil prices going south...
Your area will be ok. OPEC is cutting production and gas prices will again be on the rise. Houston should stay quite stable.
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Old 10-26-2008, 08:52 AM
Status: "We need America back!" (set 1 day ago)
 
Location: Suburban Dallas
52,688 posts, read 47,951,424 times
Reputation: 33845
Thumbs up We're Just Fine

Guys, please remember that Houston isn't just about oil. Far from it, in fact. Just because oil prices go down does not, in any way, mean that the Houston area is going downhill. There are other factors in the city's economy like medicine, banking, aeronautics, manufacturing, and technology, so there's plenty to keep the area afloat. They still are a big destination for business and the big corporations are staying right here. I'm not at all worried about Katy and Cinco Ranch and neither should you be.
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