Jiblog is the intellectual repository of a Midwestern, gas guzzlin', beer chuggin', one woman lovin', son of a bitch conservative.
Sunday, March 27, 2005
Time to sell real estate?
Probably not for the majority of the country. But as a general rule, when investing you want to buy low and sell high. Simple concept, right? Ah, but how do you know the difference between what is high, and what is low? Well, if you own investment property in red hot regions of the US like California, Florida, the Northeast, etc, read this article. I think it may be time to get the hell out, because you may be at that high point. There are too many investors holding properties (and a lot of debt) that they're going to want to turn in the next five years in these regions. Tag team that with slowly rising interest rates that may cap demand, and there is a strong likelihood that sellers will out number buyers in a few years.
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