Stay Positive

Real Estate is a constantly changing investment environment. Many people struggling now with upside down mortgages, bad loans, and foreclosures understand this better than anyone. The fact is, real estate is a long term investment, in my opinion five to seven years minimum to see decent returns. People who planned on selling before their loan defaulted may not be able to sell now just two years later. Many people wanted to make a hundred thousand dollars after one year or so   because some "lucky" people have done that in their area. The fact is if you are a gambler the odds are in the favor of the house. Which to me means that a buy and hold strategy is your safest bet. Many people are renting their properties out, some at a loss, and they are merely weathering the storm for the return of sunny days. I work in a recreational real estate market so we are not as effected by the current residential situation accross the country. Most second and third home buyers didn't get in the position they are in by getting into bad real estate situations. My heart goes out to all the struggling agents, banks, and home owners, but stay positive, good weather is just around the corner. Many people still need their umbrellas, but for others, they are getting out the suntan lotion.

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