I don’t think many people today believe that we are still in a bad market. I also think most people think times are good and getting better. When it comes to investing, I think it’s tough, in these times, to be a beginner or someone who started looking at real estate after the last downturn. Those of us who have been around a long time understand that most industries have cycles and they keep repeating themselves on a regular basis. The advantage in real estate is that it NEVER goes out of business. Even though it does go through those cycles, everyone needs a
The LA Times had a lot of good economic news in the Saturday 8/5 paper. The US jobless rate drop to 4.3% in July from 4.9% in July of 2016. We added 209,000 net new jobs during that period. In addition, the unemployment rate dropped to 4.3% in July which is a 16 year low! They also pointed out that the average hourly wage is up 2.5%
2016 was an interesting year for U.S. 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.
Post-Recession – Dictionary definition: occurring after a recession.
Syndrome – Dictionary definition: a characteristic combination of opinions, emotions, or behavior.
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.
"IGNORING YOUR PASSION IS SLOW SUICIDE.
NEVER IGNORE WHAT YOUR HEART PUMPS FOR."
The Department of Commerce defines the middle class as a family of 4 making between $50,000 and $120,000 a year. I’m sure that in higher cost of living areas those numbers are higher. In her story in the July 2014 issue of Kiplinger’s Personal Finance, Jane Bennett Clark paints a grim picture for those in that group.
Massive developments planned in Long Beach are even more proof that Long Beach is a safe bet for your real estate investment dollars. Read more, and then call us to get in on it!!