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Updated almost 14 years ago,
Calling All Value Real Estate Investors
Where are we in the real estate cycle, and is it time to get in the game?
The great credit crisis hit our country in late 2008, causing a severe collapse in both the residential and commercial real estate markets. This real estate market collapse led the economy into a recession. The U.S. unemployment rate soared to almost 10%, personal and business bankruptcies skyrocketed, real estate construction came to a halt, real estate foreclosures jumped to multi-decade highs, and real estate prices dropped by 50% in some areas of the country. The big real estate balloon popped, and did it pop!
Just like real estate prices got too high at the peak, they now have gone down too low, far below replacement cost in many areas. The economy is now picking back up again, demand for real estate is increasing and the job market is improving. My friends, this is a perfect set up for value real estate investors. Prices have fallen to the point that real estate deals pencil and make sense again.
Now is the perfect time to lay the foundation to begin investing. Now is the time to locate your spot. Now is the time to build your team of experts. Now is the time to rummage through the distress in the marketplace and find opportunities. Now is the time for all value investors to put on our value hound suits and get in the game, dontcha think?