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Opportunities Exist For Those With Long-Term Outlook...
March 12, 2009 - Gary Tasman
Here is an excerpt from this Saturday's column in the Cape Coral Daily Breeze: "Although I've said it countless times before, real estate is a long-term investment. And as many speculators have discovered, what looks good in the short term doesn't always pan out in the long run.... Nonetheless, if you go back to the fundamentals of the economy (population growth, quality of life, etc.) Southwest Florida still offers opportunity. It's just that going forward, real estate investors will have to base their decisions on the true functions of supply and demand vs. unrealistic expectations of rapid appreciation. In doing so, they'll see several good opportunities."
As I've also said many times before, markets are cyclical which means that while prices go up everyone who is selling is happy and makes a profit but when a market goes down there is more choices for the buyer and prices allow smart investor to buy low and ineviably make a profit when the market starts to rise again. There is a purpose for every market and timing is everything.
Please read my Saturday Breeze column and address any questions to me at firstname.lastname@example.org. Thanks for reading.
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