Sunday, July 5, 2009

REAL ESTATE - AMERICAN DREAM FADING?

Is the American dream of home ownership fading? Hmm. I can tell you that it is becoming more and more of a possibility. In reviewing what is going on with the banks, our nation's states hitting rock bottom like California and the unemployment rates insisting on going up; I strongly am starting to believe that it is coming to an end. You really can't touch a commercial loan without having LOTS OF MONEY and even then it is not a guarantee! There will surely not be any more so called broke investors (that era is gone!). This has now become a true (got some money) Investor's market and will strengthen as the homes continue to lose value and people continue to lose their homes. The rental demands will continue to rise like never before and the true investor's will take it to the bank! The rich gets richer and the poor receives more company, sanctioned by our own appointed leaders. Real Estate professionals will have to switch their thinking and start thinking of building a plan that greatly includes rental services since it will really become a strong secondary source of income, second to Investor properties. Single families will only be for the well off and those properties that are not so hot will probably fall apart and look like possessed homes. I hope I am wrong. What are your thoughts?



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