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Blog ImageThe 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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Donald J. Trump is Chairman of Trump University.

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7 Comments

[-] Posted by Rachael Sutton #1253595 on 11/12/2009 10:30 AM
Mr. Trump, turn around from what to what? Don't you think this is all relative? As you have said, the market is cyclical. In the past few years, real estate values were inflated. The economy was too. The market is correcting. Real estate prices are a reflection of supply and demand. There is a limited total supply of real estate, but supply on the market has a more immediate impact.

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.
[-] Posted by member1982261 on 11/12/2009 11:43 AM
I don't know about US real estate but the Canadian real estate has not really crashed yet, which is really strange considering that Canadian economy is in no better shape than the US one. I'll be looking to buy real estate when the Canadian market has gone down by at least 30% from here.


John,
http://www.canadabanks.net/Investing.aspx
[-] Posted by user28112 on 11/13/2009 11:41 AM
Trump: To you and your family, be well.

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.
[-] Posted by Brendan Ryan on 11/13/2009 1:36 PM
Real estate is cyclical, but instead of focusing on residential real estate, the real estate market to get interested in and active in, is commercial real estate; this real estate market might yield some surprises for someone who is upset about the current real estate market conditions. Thank you.
Brendan Ryan
Houston, Texas
[-] Posted by member1815053 on 11/13/2009 3:00 PM
The bottom touch on financial markets will be next summer, this six months we must wait and see. When you own now houses or land, keep them. When you have money, you can easily loose it now when financial times are hard.
[-] Posted by member11037823 on 11/17/2009 6:04 PM
The Dallas, TX real estate market seems to be picking up rather quickly.

www.usarealtyservices.com
[-] Posted by member11038412 on 11/19/2009 4:32 PM
hey Duke, Goldmine of information on RealEstate several unanswered queries. I agree with almost everything you have commented on the real estate scenario, i wish i could emulate the same here in the RealEstate Market in Calgary via the <a href="http://www.yourrealtyduo.com/">Calgary MLS listings</a>. Way to go Duke, thanks for the eye opener. RealEstate in Calgary has metamorphosed into a juxtaposed market under the aegis of Calgary MLS listings.
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