Friday, January 2, 2009
Happy New Year!
As I posted last time, I have few fond (professional) memories of 2008, especially as things spun out of control towards the end. Still, I am bullish on 2009. As the real estate expert said on the Today show the other morning "The stars are aligned for first time buyers". Rates are low, the inventory is out there, houses are cheap, etc. Oh, and don't forget that tax credit. The only thing holding people back is any personal fear of losing a job, etc. I see investors also playing a big part in helping neighborhoods recover. Good, responsible rehabbers/landlords have the money and conscience to do quality work and look for quality tenants.