Wealth-Coaching

In today’s real estate investment blog, I will discuss what you should know about the real estate market, especially in a time when the market has turned sour. For more information on this and other subjects, check back at the real estate investment blog periodically.

The first thing I do when I awake is turn on the television and tune into the news. The top story of the morning was the stock markets negative downturn that was a response to the sub prime woes. The situation has become so serious that the President had even scheduled a press conference to discuss this as well as other issues. It caught my attention because just last night I had to warn someone about purchasing a property in this environment. The property was a mobile home. The home itself is relatively nice and would be a big change for this person, but I was concerned about its overall value. Mobile homes do not appreciate like single family units or even condominiums. On top of this, space rental can be quite expensive, and you may end up paying just as much for a standard home or condominium. Because of this, I always suggest that people take caution before purchasing a property like this.