subject: The Brightside of a down economy [print this page] The never-ending stream of bad news that fills the radio, television and newspapers is enough to make any person find a closet and hide. For almost three years there have been reports of the declining economic standing in America. Unemployment rates have reached astronomical percentages and the promises of our new president are yet to be fulfilled. Step past that dark cloud and witness the positive changes that many Americans are embracing during this struggle.
America was and will always be built on one idea free enterprise. This is the idea that a person can start, own and succeed with their own business. It is easy to fall into the corporate world where risks are minimal and money is typically guaranteed, but the satisfaction may be lacking. During every economic depression that has occurred, millions of people have chosen to start and thrive with a new, innovative business that caters to the needs of their community. From low cost auto repair to discount furniture stores, there is a new idea for everyone.
What is the most profitable idea for the current economic recession? Rental Real Estate. While home sales and prices are declining and more homes are falling into foreclosure, this is the perfect opportunity for someone to purchase rental properties. Foreclosure listings will help buyers find affordable, low maintenance homes that are already designed for multi-family housing or have multi-family housing potential. There are currently over 300,000 homes listed as foreclosures which are resulting in a massive backlog for lenders. Therefore, lenders are looking to make deals and sell homes to put more current merchandise on their market and stop losing money on properties that have been in foreclosure for months.
The Brightside of a down economy
By: rudsontren
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