learnaboutland: Will land values come back in 2011 ?
- 08/03/11 06:22 AM
In my personal investment plan that I formulated in 2008 I underestimated the future stagnation we are experiencing as of August 2011. I am located in one of the most stable markets in the country (Wake County of NC) and it has not escaped the doldrums but has fared better than most. Banks continue to shut off the finance valve for land as they still have the big problem of getting rid of their shadow inventories of REO property. The recent financial debacles in our nation's capital have not helped. I am located in Apex,N.C. which has 2 major stimulus projects … (0 comments)
Real estate is a wonderful game when times are good but not so much fun in down times.
The Great Depression of 2008 until who knows when is one of those unkind times.
Some seasoned agents probably put away funds from 2003-2008 but most probably did not.
Like all 100% commission sales professions our incomes can fluctuate big time .
If you are one of those who prepared for The Great Ressession then you are possibly in a position to invest which is where the real money is.
We have done the rental game but today just do the best -land .Anybody who can buy ,option, get land by owner financing etc. in 2015 should do it any way they can.
In 5 years you will be a happy camper.
In my personal investment plan that I formulated in 2008 I underestimated the future stagnation we are experiencing as of August 2011.
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