Investors Should Brave The Risk of "Economic Chaos" and Buy Stocks and Real Estate
It is time to buy! If you subscribe to this theory, you are in good company. Yale professor, Robert Shiller, who predicted the market's collapse, recommends that it is time to buy stocks and real estate. A drop in the number of properties on the market and the rise of pending sales usually equate to better real estate prices in the future. As in other recessions, cash is king. Buy low, but only if you can hold on to the asset for a long enough time for the market to turn around. If you aren't about to retire, you can continue to contribute to your 401k with predicted substantial gains 10, 20, 30 years from now when you need the funds. Let's face it; if things haven't turned around by then, we are all in real trouble. The one area of real estate that has seen continued vitality in many areas is residential rental. Couple this fact with lower prices in the real estate market, no wonder many developers are converting their inventory into rentals. Others with the means and the ability are buying low for the primary purpose of renting. For more on Shiller's predictions see---> http://tinyurl.com/crcgyb
TrackBack
TrackBack URL for this entry:
http://blog.josephandjoseph.com/mt/mt-tb.cgi/6387
