I must tell you, did somebody turn off the water? It appears the market (in areas I service) just stopped. Lets see interest rates are at all time lows. Prices are still competative. I am looking for the problem. It is time we stop looking for problems and look at opportunities. I firmly believe we will look at this as a snapshot in time 5 to 10 years from now. This is not time to listen to the naysayers, and people who make a living through senationalism (not the people who really report the news).
Time right now is time to have aggresive cautiousness. What do I mean? You dont just wreckless do anything, but by the same time if it makes sense you go for it! Remember by right in the beginning and you will be alright in the end. How long do you really think interest rates will be this low? Do you think property value will go up or go down? Looking at the historical trends in my neighborhoods sooner or later the value will rise, and it will eventually rise back to heights farther than they were previoulsy.
How long has it been since there are areas in Southern California you can pick up residential real estate and rent it out with a positive cash flow and gain a $1,000 or more positive income? Well guess I am showing you all these compelling arguements on why NO ONE should be purchasing real estate.......Yeah right
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