Real Estate as an Investment…
I personally, feel that banks could do more to assist in solving these problems, which would in fact be beneficial not only to themselves (enlightened selfishness)… but also the society that they are chartered to serve. More on that in a future column.
The truth of the matter is that this is a Real Estate Crisis because that is the tip (the part that is most readily seen) of the iceberg that the ship ran into… The iceberg was reckless financial practices, and unwise buyers. Real Estate is actually an even better investment than it was in 2005 when everyone was so high on the market that they through caution and logic to the wind to ride its coattails.
May the market be with you.
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