A quote from Warren Buffet has been flying around the internet of late, and for good reason as it is right for the times, ”Be fearful when everyone is greedy and greedy when everyone is fearful.”
Well, I would submit that there has not been a time in our lifetimes when the general populus has been more fearful. Uncertainty surrounds us, in areas which neither you nor I can control. And uncertainty stirs more fear than the known bad event.
For the brave of heart, there is plenty of opportunity that you can control, and you should.
Here are a few:
- Investment property: If you have ever thought of jumping into buying rental real estate, now is the time. A perfect storm is brewing. Interest rates are low, and less people can buy a home than two years ago, so there are more renters on the street looking for a roof over their heads. And, at least here in metro Atlanta, I have noticed home prices dropping dramitically in the lower priced homes, and in the upper end of the market. The middle of the market is fairly stable in many areas around Atlanta.
- First Time Home Buyers: On top of the $7500 tax credit for First Time Home Buyers in place now through June of ’09, again, home prices in the first time buyer market are low, and rates are great. Sure, you will most likely need a down payment now, but there are creative ways to come up with that. See my post on that topic.
- Shoring up your finances for what appears to be a prolonged period of economic downturn: If you have equity in your home, and have some credit card or other unsecured debt that you just cannot seem to get rid of, now may be the time to do a debt consolidation loan. Along with that, take a good, hard look at your expenses. And, cut where necessary. Financial stress is eating a lot of people alive. Don’t be one of them.
Call, let’s discuss that options for you. Opportunities Abound.
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