According to the Wall Street Journal Wealth Report, Â a survey of high net worth individuals say they are cutting back for fear of what the future might bring. Â Categories hardest hit will be SUV’s, jewelry, handbags, leather goods and private jet usage.
The Silver Lining: Real Estate.  The survey found that three quarters of the respondents cited real-state as  “an opportunity”, compared with about a quarter who cited it as a “risk”.
30% are in the market to acquire real estate this year.
In another Wall Street Journal article, “Is Now A Good Time to Buy a Home?”
Their answer is, yes if you ……
- have access to credit
- have fat cash reserves
- aren’t already over-exposed to real estate
- expect to hold the proerty for at least two years…
Then now is an excellent time to buy!!!
Tags: buying oceanfront condo, condo deals, fort lauderdale oceanfront condo, miami oceanfront condo, real estate investment
