It is always a good time to buy real estate. Even people who bought at the top in 2008, if they held onto the property, ended up making 3x what they paid.
Any land near developing towns is nice as well, low taxes and you just sit on it for a few years. I am planning on developing a few small projects during next recession.
If you are handy, consider a fixer upper in your same town. I gutted my first house to the studs and redid everything, 3x what I paid, ended up with a very tidy profit after selling and paying off mortgage.
Don't panic sell, just sit on it.
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10-21-2022, 07:40 PM
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