ive been hearing alot lately that real estate is a good place to invest in. i know the market is down right now but it will bounce back, but ive heard it will bounce back within a year is that really going to happen? and how good of investment do you think it is?
Real estate will always be the best long term investment.And having these ridiculous low interest rates, is a double whammy. There has never been the best window for real estate investment than it is today. Foreclosures lead to undervalued homes. Low interest rates lead to undervalued loans. This is the best opportunity, but of course if not making a good selection of where to make a home investment can also be disastrous. When selecting real estate, look for the value of the homes in the neighborhood. Getting an fair appraisal is the key for a successful real estate investment.
the real estate is not bottomed yet. you should wait
Now for my personal, it use time 2-3 years for turn back. The economy not good, people don't use money enough. You should investment by follow the Trend. And Trend is your friend.
It a good investment you have the money to wait out the recession. It a real good investment. Now is the only time that you can buy a house ridiculous below it's real value. If wait until after the recession you won't have this chance again to buy low. So real estate right now is a good investment that could earn you $40,000 on one house. Now you could earn $70,000 or more on one house if you wait.
