For investors right now is a good time to do your research and look to scoop up some properties where sellers are trying to get out. There's a surge in foreclosures and now people who owned houses are looking to rent, so the apartment area will have a bigger demand and rents will stay at a good or increased rate depending upon the area you're buying in.
Think outside the box right now. What can you do to help others and at the same time increase your revenue in the real estate market.
'Dotcom-crash rhetoric/predictions back in 2000 and the housing-crash rhetoric/predictions in the last 12 months.
Housing obviously won't experience as deep a correction as the dotcoms did, but I haven't heard a single persuasive argument explaining why this downturn won't look like every previous housing downturn: i.e., will last a lot longer and drop much farther than most people think--until price/rent and price/income ratios return to or below their long-term trend.'
Read more...
|
