Episode #21 Mark Jackson & Tim Winders: Housing Crisis: Fact or Fiction
These days, it’s nearly impossible to walk into a bookstore or turn on the television without being bombarded with books and videos offering real estate investing strategies. Many of these books, videos and software programs promise quick cash and simple strategies. If what they promise is true, why isn’t everyone taking advantage of these programs?
While a lot of those applications and techniques can be valid, it’s nearly certain that some are simply taking advantage of customer’s goals of monetary freedom. If you’re considering real estate investing, get as much data as possible and accumulate general information about the industry as well as specific markets. Real estate bubbles do exists. but you want to recognize where they exist based totally on trends and the neighborhood economy.
Will the Bubble Burst?
No one knows when or where a real estate “bubble” may burst. Odds are, any area that is showing exceptionally high appreciation rates is bound to balance out at some point. However, other markets are likely to begin to appreciate quickly in its place. Savvy investors will always be in tune to market changes in order to position themselves to find great deals and huge efforts. If you want that same advantage you need reliable information.
Remember, you’re the pilot. You just have to determine where you’re going to go.
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