12 Dec

What affect does the current housing slowdown have on income property?

Directly, none. Indirectly, depending on your perspective, it could be significant. The principal force behind the strength of our current economy is consumer spending. The sources for consumer spending are employment, home equity and the stock market. If home equity is reduced, consumer spending is reduced. That translates into a weaker economy, higher unemployment and lower corporate earnings. For income property, that means higher office vacancy, lower retail overages and increased apartment vacancy. Because we are a cyclical economy, the outcome will be better buying opportunities. Use EVS and NIPI to increase your probabilities.

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