"Why Aren't They Buying"?

As I was talking to a friend of mine about real estate today her burning question was, "Why aren't they buying"?  This was directed to "you" the general buying public.  Laughingly I told her that if I knew the answer to that I would be in the mind reading business instead of the real estate business.  I then went on to give my opinion that maybe it was gas prices or maybe people are waiting for the Presidential election to be over so they will know what they've got.  She continued to tell me that she had always owned real estate, starting back in the '70's.  She had bought and sold various properties, homes and land, and what a great way to make money. She had even kept at it during the times of high interest rates in the '80's.  I couldn't agree with her more. 

The most terrific thing about real estate as compared to stocks, for example, is that it never goes away.  If you bought stock in a company that company could go out of business and your investment with it.  However, a piece of land never goes away.  Another good thing about real estate is that you can buy it with other people's money via banks, credit unions, etc.  Now try that with stocks and see what happens.  Also, you can put a minimal amount down to gain access to the other people's money.  Would your stock broker let you put 10% down on your stock purchase?  LOL  Real estate investing does take some personal committment of time and if you're new to it there is somewhat of a learning curve, but the long-term benefits are outstanding and possibly everlasting. Why Aren't You Buying?

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