I am a licensed Real Estate Broker in one of the most beautiful parts of the country; The Hudson Valley, 90 miles north of Manhattan, near the world famous Woodstock. I’m going on my 18th year as a real estate professional. For that reason, people seem to think I have a crystal ball and can predict what will happen in the market next year, in 3 years, 5 years, etc. In a way I can. But then again, so can you. History, as they say, repeats itself. Real estate is no different.

When I first got into the business, the industry was reeling from the Savings and Loan catastrophe. The 80’s had seen double digit interest rates during the reign of our esteemed former President Regan. Real estate multi-millionaires were forced to loose their holdings and (heaven forbid) become renters, only to bounce back again in the 90’s. Property values reached an all time high in the late 80’s, then crashed and bottomed out in the early 90’s. People owed more on their property than it was worth. Then slowly slowly, real estate values started rising from the ashes and in 2004, saw their highest values ever. Now, guess what folks? We are in the same pit we were in the 1980s all over again. Only this time it’s called the “sub-prime mortgage debacle” instead of the S&L debacle. Property values have plummeted all over the country, foreclosures are once again at an all time high, and people owe more on their property then it’s worth.

As Paul Simon once said “one man’s ceiling is another man’s floor”. Many people made lots of money in the early 90’s, benefiting from the property value crash. Now is the time to do the same. The smart buyer will be out there making deals NOW. One thing that is for certain: this opportunity will not last forever. THAT is what is happening in real estate now. And I didn’t have to have a crystal ball to tell you that.

http://www.HVHomesAndLand.com

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