Timing the Market
Economics is simple, right? What is the one thing we all remember from that Econ 101 course we took many years ago? Its all about supply and demand.
Right now there is a glut of single family homes on the market. Logic and recent statistics tell us that values are still DECLINING. The lending industry and the government do not have a clue as to how to make things better. The market just has to play out. Things will get worse before they get better.
However, there is an angle to play. Smart investors are looking harder at multi-family buildings and other rental properties. There is an INCREASING demand for quality rental units as many would be buyers are choosing to rent. These potential renters have better job stability and financial strength .
There is less risk to the landlord.
If you are looking at real estate as investment vehicle, the smart play now is multi-family housing. Prices and mortgage rates are at very low levels. This is the move to make.
As a long time investor, I would be glad to share my experience and knowledge with you. I look forward to meeting you.
