WHEN WILL THE BUBBLE BURST???
Many of you were around in the early 2000s when the real estate market collapsed. We saw house prices take a tumble and we saw interest rates increase like we never saw them before. People were being foreclosed upon left and right. Guess What??? We are headed for an adjustment again. This time the government should be a lot smarter. It's not going to be as severe this time but it will affect decisions a lot of people will be making. Can I afford these payments? Will I get a mortgage? Is now the right time to buy or sell?
From everything I have heard the adjustment will be coming in the later part of 2018. So, with this information, make wise decisions concerning investing. Seek out investment and real estate professionals to help you decide what your next move should be. And, keep in mind, that President Trump will be signing some sort of new tax bill in the near future.
Have you got a crystal ball? That is what it might take to make the right decisions. But, right now, we have to make decisions based on the current market conditions and the current tax law. Guessing can get you in trouble but doing nothing could have the same effect.
I honestly wish that I knew what to tell you to do. But, I can tell you this. do not just react to current developments. Look to the advice of trusted professionals, set up a plan, set realistic goals but be flexible. Do not do anything drastic. Remember, this is an adjustment and over the long period of time capital investments and real estate will be solid investments!