|
ARTICLE -
Recession / Depression Investing by
Robert Poe TIME & MONEY
With today’s challenging markets, it’s no wonder
many investors choose to sit on the sidelines.
This may be a mistake. Don’t be afraid to stick
your toe in the water. There are plenty of
opportunities in the Portland Metro area real
estate market, however, to fully exploit them
will take your patience and cash.
UP & DOWN
CYCLES
It’s no secret the residential real estate
market is currently experiencing trauma and if
all indicators are correct, the commercial
market may follow suit. Keep in mind that real
estate values move up and down in very long
cycles and we are unfortunately living through a
down cycle. This is not necessarily bad news. A
buyer’s market usually sets the tone for a duel
between the bears and bulls! Remember, nobody
was complaining when the California market was
going up every month, completely oblivious to
the potential unsustainability of it all.
NO FEAR
Whatever the technical definition, we are
currently clearly experiencing a national
recession or similar pullback. That’s not
necessarily bad news. Remember “buy low and sell
high”? Now would seem to be the right time to
get into the action and take advantage of your
investment opportunities with this buyer’s
market.
I remember a
Korean War veteran who once said to me, “Well,
you could have called it a police action but it
sure looked like a war from the foxhole I was
sitting in..” In a recessionary investment
climate, be realistic and be truthful but don’t
be pessimistic. Keep your cash dry and wait for
those opportunities. Now stick your toe in the
water….
- Submitted by
Robert Poe, CCIM, Certified Real Estate
Professional |
