“Do you think it’s a good time to invest in real estate?”
***ANSWER:
Yes.
OK, you’re going to expect that coming from a real estate agent.
In my defense, you may have noticed I’ve not been parroting the standard Realtor line of, “It’s a great time to buy a home” the past 3 years as market values spiraled downward.
But…
The experts say the time to buy is when things look the bleakest.
Baron Nathan Rothschild said, “The time to buy is when there’s blood in the streets.”
And Warren Buffet said, “Be fearful when others are greedy and greedy when others are fearful.”
In fact, my right-hand-man (who is very savvy, buy the way) just bought a 2BR condo as an investment and as of this writing should be starting to enjoy a positive cash flow on it.
And I have been out looking at property to buy myself. I’d have bought already, but I’m waiting for some out-of-state apartments to sell.
So, in my opinion, with prices so low, it is a good time to buy.
