These are the Times that Try Men's Souls (and create lunatics)
There are many that read this blog and take its advice that are truly perplexed at the current state of economic affairs in our nation.
1) Should I invest in Real Estate?
2) Will the economy continue down its current spiral?
3) Should I be more liquid in my investments or lock in and tie my money up?
Lets take each one of those issues one at a time and I will give you my best, educated, highly intelligent opinion. The fact that I have been a student of economics for 30 years and still do have my wits about me and two brain cells rubbing together,..... I should be able to give you a sensible answer.
Answer One: Should you invest in Real Estate?
Depends WHERE you want to invest, and for WHAT reason. I CAN tell you this and then you can make your own decision. The Chinese, South Americans and smart North Americans I know are buying real estate investments with US dollars as quickly as possible. Prices have never been this low as well as interest rates. The NUMBER ONE MARKET IN THE US right now is MIAMI FLORIDA. ( number two is TAMPA, FL) We are seeing double digit gains in values in Miami just this year alone. It has become a HOT SELLERS MARKET from a dismal BUYERS market in the last 12 months. People who waited, have lost the BEST deals but there are STILL deals be had. I myself have purchased two more condos in my own building in the last 9 months and both have already appreciated over 15%
Rents are also on the rise because inventory is now not keeping up with demand Construction has begun again in Miami. But THOSE prices are SIGNIFICANTLY HIGHER and are being bought out by foreign investors with all cash. The GOOD NEWS IS THAT IM LOCAL AND I KNOW WHERE THE GOOD DEALS STILL ARE!
Answer Two: Will the economy continue on its current spiral downward?
The quick answer is YES. Until things change in Washington and especially the WHITE HOUSE, the current course will remain the CURRENT COURSE... Higher inflation, lower growth, fewer jobs, more government and the taxes that go with it and fewer opportunities
My advice? November is coming. VOTE EARLY , VOTE OFTEN
Answer Three Should I stay liquid or tie money up?
Let me grab that answer by the short hairs and cut to it. STAY LIQUID or in investments that are commodities based, NOT in US companies trading in US dollars! You will get hammered I believe in the near term if you do. The dollar is sinking as quick as our national debt is rising. But REAL STUFF.. like REAL estate, REAL oil, gas, gold, silver etc. have REAL value that float with the value of MONEY and the value of money. If your dollar is eroded by inflation, THOSE commodities will cost more IN THOSE DOLLARS thereby protecting the value of your investment.
Want the best to help YOU in making the wisest real estate investments? Then done fool around with amateurs. The Hardcastle Group is NUMBER ONE on the beach in South Florida and California and stands ready to give you sound, dependable guidance.
Contact me. 24/7 Greg Hardcastle 800-614-6151 toll free.
