We have seen the interest in real esate purchases nationwide slow down a bit, and are feeling that people are feeling a bit skeptical about the economic recovery. We all know that this much debt & high unemployment are reasons enough for any of us to be very cautious before entering in to any big debt decisions.
I read through news articles every morning to get a temperature reading on the state of the US economy in order to make a judgment about what is going on. One article says the recession is over, while the next one says all dynamics point to another big dip in the not too distant future. Where is the safe harbor for real estate investors?
It helps to remember that news thrives on controversy and unpredictability. My personal safe harbor is to read articles from sources I trust and by authors with whom I have a basic philosophical alignment. When it comes to real estate purchases, the safe harbor for personal investment is, “can I really afford this property and do I really want this property” For both personal and non-personal investments, it is simply, “do the numbers work“? right now?
I have added “right now” because it is clear to me that there are as many good arguments for a recovery as there are arguments against it. No one has a crystal ball.