Have you ever been on a trip and you noticed a sign for a property that was for sale and you looked and realized that behind the sign there was no property. I mean NONE! A huge hole in the ground that went through the earth and possibly a warm (very) breeze blowing through this empty space. Of course, I'm being ridiculous, but it proves my point. Property will always be there. It is not going away. I guarantee you that when it does go away you will also.
Now, think of a story about the guy that bought some property for hardly anything and then many years later they practically own the whole business district of a major city. This time I'm not being ridiculous. Los Angeles and Las Vegas are excellent examples of this.
My point simply is, property values will ALWAYS be what their worth. They will ALWAYS bring in what the market will bear. People will ALWAYS need a place to live. Enough time will ALWAYS increase values. Just like the stock market the time to get in is when the values are low, not when they are high. Right now California Real Estate's affordability is excellent. We know we are facing some pretty lean times but people are still working and need a place to live. Run the numbers for them, compare renting to purchasing. People need to see the numbers, they need to know why now is the time and not later.
If you need any help with the numbers I can help. That's what I do, run the numbers and make it work.
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