I think all investors worry about the economy as they make decisions on more investments and what to do with the investments they already have. If you read a lot, I think you can find many opinions that will agree with what you HOPE the economy is doing. You can also find plenty that say just the opposite. So, the big question is which one do I believe, or, better yet, which one do I rely upon.
2016 has been an interesting year so far for US real estate. Uncertainty in the global economy paired with the stability and comparatively high yields in domestic investment property has extended our period of high demand. Our local Greater South Bay market has been no exception. If you're thinking about investing, but have hesitated, give us a call and let's discuss your goals. A horse that doesn't race will always lose.
I picked up the October 17, 2016 issue of USA TODAY on my trip last week to Cape May, NJ. Not to rub it in but I was on another short vacation get away paid for by the tenants in the buildings I own. There was an interesting story in this issue that spoke to the warnings we have been giving clients for years about taking responsibility for your own financial future.
"IGNORING YOUR PASSION IS SLOW SUICIDE.
NEVER IGNORE WHAT YOUR HEART PUMPS FOR."
Whenever I hear or read talk of a bubble, I start looking around at values in other places in the world. One of my favorite places to look for this is in the Friday Wall Street Journal. If you think prices are high where you are, just get that paper and you'll see. New York City always stands-out for their extreme property values, for example.