Isn’t now a crazy time to invest in property?
February 12th, 2008Everyone who’s read about the subprime debt problems probably figures it’s a pretty crazy time to even think about investing in property.
Except that, just about all the time “everyone” is wrong and in fact it’s close to an ideal time to be investing in property, so long as you are selective about it. For one thing, prices are down so you’re going to be able to afford to buy better places than you could do ordinarily and with a slow market the agents are even more keen to move it so you can get good deals.
One example of fast moving property are Las Vegas condos where you can buy into a community village-type development with a good mix of residential accommodation and the amenities to go along with them and, as you can see, it’s right on the doorstep of Vegas too which probably makes this one development where prices will rocket when things get back to normal nationally.
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When the market is down, it’s always good to consider buying. The main question is when exactly the market is at the bottom though