Quote:
Originally Posted by Mike M.
Right now is a horrible time to buy into commercial real estate. Commercial real estate has lost a lot of its value over the past two years but what makes you think it’s the bottom right now?
Free market economist who predicted this economic downturn very accurately at the height of the real estate bubble would disagree with you. They believe over the next few years that the commercial real estate bubble will burst.
Although I am very close in age to corrolaman I think the Weirs area has been on the decline for a while now. Hopefully this young investor can be part of the turnaround we’d all like to see.
|
Why now? Because there is a lot of inventory and you can name your deal. When the market recovers the best locations and deals will already be gone. Real estate lags the economy.