The long and short of it are that prices are low and if you have the investment capital AND a good, long-term outlook there are values out there and profits to be made. Sounds like sound advice to me. Here is just one excerpt that sums up the advice of the professionals quoted:
This blog is compiled by Matthew Genovese of Coldwell Banker Riviera Realty in Jackson. It is my intention to use this blog to assist people who are looking to buy or sell property, houses or businesses in Jackson with timely insights and information about the town, the real estate market, and anything else that I believe is helpful. Please feel free to comment here or send me an e-mail: mattgen@optonline.net
05 November 2008
Is now a good time to condsider investment property?
Forbes has a pretty decent round table discussion here about this topic.
Spencer Rascoff, Zillow.com: I do think this is a great time to be buying residential real estate, with two caveats. First, you need financing, which is much more difficult than in the past. Second, you need to be smart about it. The good old days when anyone could make millions flipping homes in their spare time are over.
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