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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7 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