There is a lot of talk about the air coming out of the market and real estate investors rushing to liquitdate their holdings. But exactly who are these investors?
I have been yelling from my soapbox for quite some time that there is a difference between investing and speculating. Counting on rapid appreciation and buyers’ greed is not investing. But purchasing a home at or below market value (considering many factors like needed improvements, neighborhood condition, vacancy rates, etc.) and holding onto it for the long term is still the smartest way to invest in real estate, and thus build long term wealth.
Opportunities abound for those who know where to look and with whom to look. Act now if you have been standing on the sidelines. Be patient and realize that this latest real estate market is a lot like the post stock market boom. People will talk about how bad the sales are and where they are headed. But for those who carefully study and buy right, there is another upswing just around the corner.
Seven year cycles. Seven year cycles…