As real estate investors everyone of us have to be thinking… “how in the heck do I profitably navigate in a market as defined in the title of this article?”
And that is the million dollar question, which I will respond to in just a minute, but first lets look at a few of the facts:
A Look at the Current Housing Picture
- Let’s start with the economy. Depending on who you are listening to, we are either at the bottom, still moving downward or possibly even worse. If you invest in California, Michigan or Ohio you don’t need to be told the state of your economy… it stinks! The message here is that if people aren’t working, they will not be buying real estate or making good renters.