Agent

Catching a falling knife?

Some say now is bad time to invest in real estate
Published on Jan 6, 2009

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by CareyBot

Q: A friend of mine advised me not to invest in real estate. He thinks real estate prices will be depressed for many, many years. The stock market scares me and I don't understand it. In the past, I've bought and sold several houses and know how to fix them up. Is investing in real estate a good thing?

A: I mean no disrespect to your friend, but I wouldn't place much value on his opinion unless he's been involved in and has expertise with the real estate market and economy in general. The other problem that I have with his opinion is that he is forecasting what he believes will happen with real estate prices many years into the future.

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