The future looks bright!..?..

[Ryan R.]

As I map out my investment strategies for the next 5, 10 and 20 years, I can't help but surmise that RE investing will become easier. I could be wrong, but here is why I think I'm right.

My generation, (I'm almost 30) by and large, has no definition for the term Wealth Building or Sacrifice. They seem all too eager to play video games, live with their parents, buy cars and trucks they can't afford and purchase clothes that are marked up 300% . They appear to be very successful at first glance, but their savings accounts reveal their inability to survive even one month without their paycheck.

Most don't even know how to take care of a house. If the toilet quits working, they immediately call their dad or a plumber. They don't know how to start a lawnmower and wouldn't know what to do with it if they could. Their idea of maintenance is to let things deteriorate until they completely stop working. All their free-time is spent on an iPhone, the internet or TV, absorbing garbage.

They don't know how to think for themselves, and they don't want to. If a company doesn't provide a paycheck for them, they would starve before they figured out another way to make money. They cannot solve problems with critical thinking. If a job doesn't involve "clocking in" its "TOO MUCH WORK FOR THEM"!

They have been groomed into a society that never pays anything off. They have literally become slaves to the lender; And they're okay with it. I don't like to refer to them as helpless, but it does effectively encapsulate their condition.

They only know of 4 ways to become wealthy. Become a musician/actor, professional athlete, get lucky in the stock market or win the lottery. Outside of these means, they then look to the government to provide for them.

As such, when troubles come, they cannot endure the storm. They have no savings, they have no back-up plan. I think we will see instances of foreclosures increase and more opportunity for disciplined investors. The one caveat to this is property management will change. It will be called property babysitting and it will be in high demand.

What do You think?