This is a follow-up to something I posted the other day about the shadow inventory... You can go ahead and invest in gold, but I’m going to keep putting my money in real estate –– as long as I can buy right.
For those of us who understand how to buy property for pennies on the dollar, we’ll be able to take advantage of the fact that millions of properties will soon be flooding the market and further suppressing values. Add the shadow inventory to all the Baby Boomers downsizing, and the overbuilt housing stock we already have (plus, the fact that college students can’t find jobs, or afford their student loans, let alone buy or rent), and we’re still not out of the perfect storm.
Do I wish it was otherwise, of course. But I’m going to make sure I buy property at rock-bottom prices and protect myself for the long haul.
~josh
Check out the article in The Wall Street Journal
