...they stay the same. I'm watching TV, read my blogs, even the newspaper and it all looks like this economy is going to hell in a handbasket. When I visit the Vaterland, I pay double of what I paid 5 years ago. The real estate market is posting more shortsales and NOD's than ever before and gas is approaching $4 per gallon.
But wait, weren't we living through the same trials and tribulations in the early nineties? Sure, the numbers are different but the pain was the same. It hurt me just as much when Gasoline went from 25 cent (1967) to 30 cents in 1970. We had a lot of foreclosures in the early 1990's and people were running scared. I just wish I would have had the cojones to buy a few properties then for huge returns of investment...even in our terrible market of today.
So, I say: Have the cojones and invest in todays bargain prices ! In ten years, you'll be laughing all the way to the Deutsche Bank as you sunbathe in the Caribbean Sea....
Fellow Realtors out there:
I would be interested to know where in the US the Real Estate money is best invested ? (in your opinion)
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