Updated over 17 years ago on . Most recent reply
Keep it up San Antonio!
Despite the positive outlook, nobody will be talking about the real estate boom of 2007 and 2008. Instead, they will remember the crash of the sub-prime lenders. The fact is easy financing and refinancing has become harder to come by for the real estate investor. More restrictions, higher credit requirements and lower loan-to-values are a reality.
Despite the nationwide slump, San Antonio remains one of the healthier U.S. real estate markets. The market will correct itself; it always does. And the invaluable sub-prime lenders will be back, in one form or another, as they provide a much too necessary niche in the housing market. In the meantime, San Antonio is arguably one of the best places to be right now for real estate investing.
Moral of the story: Keep doing business, keep doing business, keep doing business. Don’t let the talking heads on the national news keep contributing to a self-fulfilling prophecy.