Is now a good time to invest in real estate?
- Author Justin Trapp
- Published June 26, 2011
- Word count 518
The news is full of commentary about real estate performance and much of it conflicting and causing confusion. Confusion deters investors even if the market conditions are good but with so many economic reports featuring analysis about some aspect of the real estate market it’s hard to work out what is really going on. Much does seem to be a story of doom and gloom and maybe had these commentators who are so eager to pass on the bad news recognised the portents a few years ago, the market wouldn’t be in the state it is today.
But is it all bad news and should investment in real estate be avoided at this time?
Current assessment
It will never be all bad news because people will always need somewhere to live, work and shop. Certainly the spotlight of the media and the negative reporting on the state of real estate hasn’t helped but as with so many other riches to rags stories, when everything was going well everyone jumped in with a view to making a fast buck. Budding and novice developers found the niche attractive but their interest was the equivalent of a smash and grab rather than being in for the long haul.
The lucrative lure of the fast buck spawned a monster. Indiscriminate developers built unsuitable properties in unsuitable locations, took the money and ran. The zoning authority, county or city, was only interested in the property tax rather than the ethics of development and planning and the banks were just in on the act with a ticket on the gravy train. Plain greed for fast or high profit on the part of Johnny Come Lately developers, the establishment and bankers made a major contribution to the current state of the real estate and the economy.
Real Estate for Economic Recovery
Real estate needs some positive advertising. And it needs to be responsible reporting. It also needs to be given back to the experts who can regulate and rebuild it. A lot of people usually only involved on the periphery of the real estate business got big chunks of the pie when the pie was sweet. The title companies, insurance companies, mortgage brokers, attorneys, bankers and other coat tail riders should leave the main stage and go back to their bit parts to give the real estate market a real chance of recovery.
A Lesson Learned
Although the real estate market is a long way from recovery, the future outlook is good. It went out of control but thanks to a major lesson learned, it’s unlikely to suffer the same again. A move into real estate, even in the early stages of recovery, is a positive move. Regulation has improved and those who learned an expensive lesson, if they survived the down turn, have become more cautious. The greedy hangers on know the killing has been made, banks are acting more wisely and whilst not being able to be tagged as completely safe or a sure thing, an ordinary investor shouldn’t be deterred from entering the real estate market now.
Justin Trapp is a Licenced Property Broker who writes about topics concerning Property Investment and development in the USA, To find out more about him visit his website [http://www.florida-property-direct.com](http://www.florida-property-direct.com)
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How Architects Are Shaping Sri Lanka’s Real Estate Boom
- Directing Las Vegas Homes for Sale: How Live Better in Las Vegas Guides Buyers to Success
- Understanding the Renters' Rights Bill: Key Changes and Timeline Explained
- Costs of buying property in Spain - IMS Mortgages
- Three Easy Steps to Sell Your San Antonio House Fast!
- Discover Your Dream 55+ New Construction Home Community in the Greater Tampa Bay, Florida
- Article on Mortgage Lenders and New Homes Mortgage Helpline
- The Advantages of Utilising Professional House Removals Services
- Manilva: A Rising Star in Off-Plan Property Investments
- Comparing Removals services-in-wandsworth: Your Ultimate Guide
- Port Orange -- The Perfect Twin Sister to Daytona Beach
- RE/MAX Ace Spearheads Innovative Housing Solutions in the GTA
- Should You Waive the Home Inspection Contingency? Weighing the Risks and Benefits
- Avenir: Embracing Lifestyle and Community in Palm Beach Gardens
- Serbian Real Estate: A Tidbit for Investors
- Discovering Life in Pattaya, Thailand: An In-Depth Handbook for Expatriates
- DEBUNKING HOME REPORT MYTHS
- Don't Let a Financial Hardship Force You to List Your House
- Safe Water Starts at Home
- Don’t let Missing Insulation Lead to High Energy Bills
- Property Investors Amidst Favorable Swedish Krona Rates
- How Real Estate Professionals in Houston Go Above and Beyond for Home Sellers
- Reasons to invest in real estate in Cyprus
- Top 10 criteria to select an Insurance Claim Appraiser
- Comprehensive Home Inspection Checklist for Buyer, Seller, and Homeowner
- DEBUNKING HOME REPORT MYTHS
- North Carolina Real Estate Market: Shifting Market Dynamics on the way?
- Selling Your House in Winter: Effective Tips and Strategies for Success
- Would you like to have a Free House?
- 5 Ways To Know You're Ready To Buy A Home