I am living in area that has some of the highest foreclosures in the nation, where are these people going to live? they will still need need some place to rent? wouldnt rental property be a good investment, like 2 bedroom condos, etc?
Ask Charlie Harper.
It could indeed be a great opportunity. I'd want to be sure I'm not trying to "catch a falling knife" at this point though. Some markets are in free fall and there's more down-side to come. The gov't is trying to (wanting to) arrest the fall in housing prices but I don't know if it can be done. These prices need to fall to a level that are in line with household incomes. In many places they're still too high, the way I see it.I am living in area that has some of the highest foreclosures in the nation, where are these people going to live? they will still need need some place to rent? wouldnt rental property be a good investment, like 2 bedroom condos, etc?