November 12th, 2004
Risks of home-price dip
So I read this article:
Austin is the most likely market in Texas to see home values decline over the next two years, according to an index released Thursday measuring the top 50 U.S. home markets.
Index: In Texas, Austin at greatest risk of home-price dip
And then starting thinking about it…. My conclusion is that you have a pretty good chance of not losing any money on the raw property value if you buy a home in Texas… However, I have not seen any evidence that suggests how to guarantee any sort of profit after owning a home in Texas.