The day when there is absolutely no one buying is not going to happen. Because there is always smart buyers out there. They don't like to share their secret to others so they are just doing their job very quietly. I just gave you guys a secret not a lot of realtors give you.
After the iraq war is over, that means there will be a surplus of buyers looking to buy a home. It is just common sense that people will buy a home when the country has come to a stable state.
I would buy the house. Because the cars have the highest depreciation rate of any material you would own. And they are always a depreciating asset. Unlike houses which is considered to be an appreciating asset. Whenever you have the money, buy houses. It is the best type of investment in the business today. It's just that the business has been slow this last 2 years. But that goes the same for all types of business. There are good and bad times to all business.
The good thing about the Real Estate business is that, there will always be buyers. Because house, is a necessity. Just like food and water, you will also need a place to stay to live. Right now buyers are just waiting for prices to drop but sooner or later, they will buy. They may either get tired of waiting for prices to drop that never will, or will wake up to realize that there is no reason NOT to buy a house. Because when you buy a house, it is always a win-win situation. There are so many benefits to owning a home I don't even know where to start.
Real estate investors are betting on bargains in depressed markets
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