Unless you live under a rock, you are probably aware that the state of the US housing market is, well, too completely understate the situation, not so good. The state of the Canadian housing market is still going strong but I know that a lot of people who were thinking about investing in real estate are now putting off those plans to see “where the economy goes”.
I wonder if people in other countries are not taking such precautions. The UK and Europe’s economy is not so closely linked to the US as Canada’s but still...they are probably keeping an eye on US happenings. I know I would be.
So, if people are holding off on investing in real estate but they still want to spend (after all, how is putting your money in savings going to help the economy?), what are - or should they be - thinking about investing in? Hmmm...What about real estate? I know I sound like a crazy person, but what about commercial real estate? If you are not worried about a depression, which not many people are really, why not take advantage of commercial real estate and Commercial Mortgages? After all, if people aren’t buying, they have to be renting, right? I think I would like to look into a commercial spot with a profitable apartment above.