The following question was submitted to "Ask Donald Trump" by a Trump University member.
Question:
Will the real estate market turn around?
My Response:
It will take awhile, it really took a hit, but it will turn around. Real estate is cyclical, as are many things, and it needs time to even out. There are still real estate investment opportunities out there.
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10 Comments
We can all benefit from a good study of economics. The real key is to look at the community and find what is in demand and in limited supply. As long as there are people, people need places to live, and places to do business. Ask yourself what kind they are looking for - or find new ways to meet the needs that have never been tried yet. The way to profit, is to identify the needs and find creative attractive ways to meet them. I believe as important as the market may be, your approach to it is just as critical.
John,
http://www.canadabanks.net/Investing.aspx
To me, the real indication of an improvement in the Real Estate market, is an increase in employment. What is not getting big media coverage is the increase in homelessness and tent cities. No buyers, no renters = no real estate improvement.
Sincerely, your valiant friend and strong "Revolutionary Entrepreneur"
Nimrod (means "Valiant, Strong")
Dr. Nimrod Erech M. Christ Nimrod,
President, Co-founder
Self-Esteem & World Peace Association
Nimrodworldpeace@aol.com.
Brendan Ryan
Houston, Texas
www.usarealtyservices.com
Asia, We will see a drop and crash in real estate market in Asia, that will make a history.
Why: Let's go to the principals of society , in the Asia there are no "social protection network" . People in Asia have been always own their properties 100% during times. But the last 10-15 years, financial industries in Asia started to give out loans to people who could buy their new homes.... building a western world without of building the up foundation first.
Eastern Europe: Quite same situation as Asia, just couple of years in ahead. The real estate market has already crashed ..... the next step is ... When some of the major financial institutions who have invested heavily in those market go under. Once it happens we will see a turn around.
Western Europe: In Wester Europe we facing Two major hurricanes that is just unstoppable. The financial institutions who have lent people in Easter Europe, Are Western Europe Banks... It is just a bomb which are ticking .... The second... the low interest rate are making people borrow more and "buy" (not invest) their homes...The property prices are raising , people dig themself when the unemployment are raising.... In Ireland and Spain is already there ,
US market: I believe the US market have gone through it's transformation, When Europe and Asia have just started it.
But since we are facing a "W" market and not "V" .... there are one more drop waiting and that would when $ losing it's value tremendously. When this would happen hard to say, but I would say When we will see commodity raise again! -
Sincerly FS Lightner....