I am sure that there are many people out there currently out there trying to figure out if they did the right thing when they got into the real estate market. The current housing market is rather dull and frustrating but you need to remember that ALL markets turn.
The only encouragement I can give is that you need to try to hold on to that property, now is not the time to sell, now is the time to buy. Obviously if you can not buy right now don’t, rather save your current property portfolio.
Most economists feel that the first half of 2009 might still be “bad” but then it is going to turn and we will all dance in the wonderfulness of real estate again. Until then we need to buckle up, stay strong and fight with every last breath.
Some people find me a bit over powering when I speak about real estate and wealth, the reason being is that I know I am right and I know most people can achieve this if they only decide to.
So come on, be positive and strong, tomorrow will be here quicker than you know.
Nice positive post. I agree, the cycle will turn, but it does not mean property investing is dull at the moment.
You need to be creative and look around your town for opportunities. Property investing is more exciting to me now than in the last 3-4 years. Remember 2004-5 when people where queuing to buy property off plan? Opportunities where scarce. Now we can pick and those!
And then you have all the motivated buyers. They are calling me every day!