Rude Awakening Coming ? Norair Yeretsian

It’s the economy, it’s concerning . Be careful, do not over leverage in these times.
Is it a good time to Buy ?
If you can get the financing.
Why is there trouble on that front as well ?

The American Housing Crisis is one thing, now there is talk about a Shadow Inventory of  problem properties in the U.S. .

The Canadian economy according to the Minister of  Finance is fragile , this means concerning.

Yes interest rates are low.

Yes there is some good inventory in some areas ( not all ).

The U.S. experience is much different then the Canadian.

Real Estate at the end of the day is local, local matters.

If your area has good job growth, good population inflows which drives demand for the supply of housing, then you are in a good to great Area.

You should not be depressed by the images presented on CNN of problem areas, with job losses and population migration away…

Understand your area, your location – what is the mood of the market in your area.

What are the challenges of your area ?

Is there excess inventory of unsold homes ?

Is the population / workforce stable or are individuals moving away?

Are businesses opening up in your area or closing down – what is the retail store vacancy like in your area ?

Know your City !

Don’t have unreasonable fear of the unknown , do your homework.

You are a professional investor or realtor, maybe both.

Your views matter because you are this professional.

Don’t be surprised by a Rude awakening !

Let’s discuss it, leave a comment below or Join Us at  www.yinvestthinktank.blogspot.com

Twitter : EnvoyCapRealty

Envoy Capitol Realty Inc., brokerage                Toronto / Canada
Buy/Sell/Lease/Manage/Develop/Syndicate — Investments

Norair Yeretsian, broker of record

Email :  capitalmoves@gmail.com

Nor Yeretsian [ Facebook ]    November 20 , 2010