Home > Blogs > Frank Rubi > Louisiana and Alabama Condos / Homes for Sale

Mental Recession

By Frank Rubi

Real Estate Broker/Owner with Frank Rubi Real Estate, LLC La Broker 09995688826

February 28, 2008 11:32 AM

Mental Recession

I was speaking with a fellow Broker this morning. We were talking about investment property and deals to be had. I was telling him about my Panama Project and he about a similar project he is working on. Then we were sharing listing of investment properties; we both were in agreement about the amount of deals out in the market. We spoke of investors not wanting to jump in an take advantage of this market. Our market has inventory to chose from and interest rates are great. The broker thoughts was the investors are listening to the media and are in a Mental Recession. I just thought that was a funny. Hope you had a great day.

Comments(11)

Comment

Show All Comments

Sort:

Charity Shehtanian

First Priority Financial - Livermore, CA

I would advise investor clients that Robert Kiyosake of "Rich Dad, Poor Dad" fame is stating that it's a great time for investors to buy. It's amazing to me that so many people wanted to invest when it took so much money down to make an investment property make sense. Now when investment properties are making more economic sense, low interest rates, lower loan amounts and rents rising and lots of people looking for rentals that investors are so hesitant. What are they waiting for, the bidding wars?

Feb 28, 2008 11:41 AM

Todd and Danielle Millar

Glenn Simon Inc. - Edmonton, AB

Nineteen years of excellence!

I think everyone is afraid of catching a falling knife out there - prices are still dropping aren't they?

Feb 28, 2008 11:46 AM

Frank Rubi

Frank Rubi Real Estate, LLC - Metairie, LA

FrankRubiRealEstate.com

Todd, they are as the press said yesterday another 10%. OK, now if my rents are going up and you price in the 10% what are you waiting for. I am buying and lock in on another property that should close at the end of March. The numbers at today rate make sense to me.

Feb 28, 2008 12:02 PM

Charity, I fully agree and I am buying.

Feb 28, 2008 12:03 PM

Matt Yogerst

RE/MAX Realty 100 - Menomonee Falls, WI

Metro Milwaukee Real Estate

Investors are always told "dont follow the crowd". Real money isnt made when you follow the herd. There are deals to be made!!

Feb 28, 2008 04:43 PM

Jesse Clifton

Jesse Clifton & Associates - Fairbanks, AK

We're seeing quite a bit of investor activity. This is the time, at least in our market, where those with the liquidity and the know-how will do quite well.

Feb 28, 2008 05:35 PM

Diane Aurit

LKN Realty, LLC - Mooresville, NC

Lake Norman Real Estate

I think the mental recession on the buyers side would be contrasted by a hopeful or perhaps head-in-the-sand mentality of many sellers. Now if we could just get them on the same page!

Feb 29, 2008 11:41 PM

Joe Davis

Indiana Commercial Realty - Crown Point, IN

I can't understand why the word recession scares people away from the market. It should scream BUY. These must be the same that bought at the top of the dot-com bubble and then go out at the bottom.

Mar 01, 2008 03:38 PM

Jeff Clancy Gig Harbor Real Estate Agent

Better Properties Gig Harbor - Gig Harbor, WA

I think it's a great time to buy. I agree with you though, buyers are sometimes that way lately

Mar 01, 2008 03:44 PM

Jim Crawford

Long & Foster - Fredericksburg, VA

Jim Crawford Broker Associate Fredericksburg VA

Great post, and very relevant to today's market. I find there are a lot of issues at play. One is availability of financing, new tougher lending standards, disappearance of 100% financing, too much too chose from, and not enough cash! It is spooking the buyers.

Mar 01, 2008 04:37 PM

Good Morning to everyone. Thanks for your comments.

Mar 01, 2008 11:29 PM

Mental Recession

Comments(11)

Frank Rubi

Service Areas

Real Estate Resources

Recent Posts

Popular Posts

Additional Information