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That's why you have to buy as low as you can. You have to negotiate
real hard. I do think that if you can get a decent price, then it will
be all right. If it is a house/condo/loft, etc. then you can at least
rent out if you're finding difficult to sell at your desired price. If
you only have land and cannot sell, then maybe you should build a
restaurant, condo, etc. to at least attract business.
Dot coms are just value worth on paper. At least, in real estate, you
have a tangible asset.
Just Me wrote:
> Yes, indeed! Investment in real estate can be great, and leveraged
> purchases are wonderful IF prices appreciate. If prices DEpreciate, a
> reverse leverage works against investors so that they can lose much more
> than they invested. Simple economics that the investment gurus never
> seem to explain. In many markets, real estate isn't appreciating, or
> appreciating very slowly. Inventories of new and existing homes are at
> or near record highs in many regions. This is a now a market for longer
> term investments; for those who can weather the weaker market and hold
> on for a while. For months to come and maybe longer, buyers who
> purchased with ARMs and little or nothing down have reason to be worried
> about real estate investments they hoped to re-sell for quick profits.
> As some have noted: the party's over. There are some great buys,
> especially in the upper price ranges, and those who can buy and hold may
> see this as a time of buying opportuity. Some others who bought when
> prices were at their peak, and who are under pressure to sell, are
> facing losses. Me
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Re: Real estate bubble could be worse than the dot-com bubble.
