The Best Time to Buy Real Estate Is When Everyone Else Is Terrified
There is a lot of speculation about whether the economy will go into a recession in the near future. The truth is that we don’t know for sure.
What we do know, however, is that this coming recession will be a great time to acquire property.
If you’re thinking about investing in real estate, then now might be the best time to gather some capital.
Imploding sellers’ market
The result of this imbalance is that sellers can ask for higher prices. This means that you, the buyer, have all no leverage in negotiations because demand exceeds supply.
But this is about to change.
People will want to sell their property before real estate prices go down.
Property owners may not be able to afford the payments anymore; they may need money for an emergency; or they may just want to move.
The market is ripe with opportunities to buy real estate, by the end of 2022, in 2023 and in 2024.
It’s time to get your real estate game on.
The next financial crisis is coming, and you’re going to want to be prepared.
The 2008 crisis was a great time for investors who knew how to time the market.
Funds purchased property at 40% of their previous market value and resold it for triple or quadruple the price at the end of the following decade.
Real estate won’t get you rich quick, but knowing how to time the market sure is an advantage. All it takes is some basic understanding of macroeconomics.
Here’s a useful video by Ray Dalio summing up how the economy works.
