Sharon loves to share her perspective, that although we can and should choose where we want to live, we need to invest where the profit lies. And this is not always in your hometown or even your home state. In fact in California today, investing in real estate no longer makes much sense!
Okay, so we shouldn't buy in San Diego then.
Many of you are probably aware that the mortgage market is experiencing an intense shake-up. However, those investors with high credit scores are actually going to profit from it and making a "killing."
So the people who have money and high credit scores SHOULD buy in San Diego and everyone else is screwed?
In addition, with the fallout of the subprime market, there are droves of potential homebuyers who will be forced to rent. This, along with people losing their homes to foreclosure, creates an even greater demand for rentals. The result will translate to higher rents in the marketplace and lower vacancies.
Yep, it's official, I'm screwed.
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