During a bad economy, bad news is often a sign of big opportunities ahead.
What is happening now matters massively for our kids, for our grandchildren and even our great-grandchildren. The bad that we are experiencing could be positive for them.
When it’s tough there are usually opportunities to be had but many are too scared to take them. There is almost always a bright side if we look for it and work towards it. These are the moments to jump at the opportunities as they’re often neglected when times are good.
What does this mean? Look for the opportunity in the market. The data indicates the market slump may have hit bottom as sales are starting to pick up and the downward pressure on pricing has started to dissipate.
If you’re a first-time buyer, now might be your chance to finally get into the housing market. If you’re established with children, it might be worth considering buying a rental property that could be paid off and generating income to help pay for your children’s university or their start to adulthood.
There are many factors that should affect your decision to buy or sell real estate and timing should be among the most important. Many people just wait for the tide to rise but it could be a while so look for the opportunity and take it.
Millennials have struggled with rising expenses and stagnant wages. Many continue to complain but if you look at the bright side of this down market, it might be the right time for a new generation of homeownership opportunities.