The Great Land Grab.
Our Country is NOT GOING OUT OF BUSINESS. These are certainly tough times in the history of our Nation but we always seems to bounce back! The greatest investors know that now is the best time to invest. When times are times are tough and people seem to be desperate and/or scared is the best time to purchase an investment.
The population is still growing: There may be a glut of inventory in the housing market but eventually people are going to need to live somewhere without wanting to pay a landlord. They are not making more land.
The economy has been rebounding slowly: Economists have been revising their GDP numbers upward as of late and there have been signs that banks are lending more freely and corporations may start hiring again.
Rates are historically low: Rates have moved up lately but they are still at historic lows. In the 1980's interest rates peaked at around 18.3% and people still bought homes.
Do not wait to take advantage of the cheapest real estate that you will see in a long time. Don't look back and say, "Wow, why didn't I buy real estate in 2011?"
HAPPY HOLIDAYS EVERYONE!
Reid Rosenthal
The Rosenthal Group
Prudential Fox and Roach REALTORS
Comments(2)