asu in the news 02-06-08 to - ASU News - Arizona State University

ASU in the News
the market as a whole,’ or ’an overheated market.’ Neither condition makes for a bargain because
there’s too much risk involved. Sellers in , for example, might be anxious to sell to save whatever
equity they have. Of course, this is more or less like being handed a grenade. If you bought a house
in Stockton, right now, where there’s one foreclosure for every 31 households, according to
RealtyTrac, it’s likely that prices will continue to plummet.
You won’t be getting a bargain, you’ll be buying cheap.
Instead, a bargain buy in an overbuilt market exposes you to less risk and comes with the
satisfaction of not profiting at someone else’s foreclosure misery.
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