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9 Out of 10 Americans Need Real Estate Investors

A recent article in the New York Times by David Streitfeld, Megan Thee-Brenan, Marina Stefan & Marjorie Connelly, stated that 9 out of 10 Americans say homeownership is an important part of the American Dream.

Interestingly, the article made this statement: Making an offer for a house, something often done in past generations with little apprehension, is now riddled with worry. Only 49 percent call it a safe investment, while 45 percent feel it is risky.

Seems quite contradictory that 9 out of 10 call homeownership a good thing but only 1/2 of the 9 indicate it is a safe investment.  Additionally, the article noted that two-thirds of Americans say strategic default is not justified, but 28 percent think that it is.

So with all this apparent lack of alignment, what is one to make of this market?

What one should make of this market is the same thing that successful investors make of shaky situations?  A great time to buy is when there's blood in the streets.  These days, there is a lot of bloodshed.  Whether in the form of short sales, foreclosures, strategic defaults, etc., people still need a place to live and from what the recent news reports indicate, they are not considering shelters or half-way houses.  Therefore, real estate investors are needed to enter the market or continue to penetrate the market and acquire the properties which need to be acquired with their cash and deep reserves to stabilize this real estate market and ultimately allow all 9 out of 10 respondents to fulfill their dream.  Although historically, slightly more than 7 out of 10 ever realized that dream.  Nonetheless, dreams are not inherently bad, it gives so many something positive to focus on instead of drowning in TV drudgery.

Thank goodness for the real estate investors who can step forth and fulfill those American's dreams.

 

Michael Hobbs, July 6, 2011

 

 

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