What are your observations about the economy?
How many red flags have you noticed?
Of course, we all know gas prices have risen to all time highs. But I think there are more signs of a faltering economy.
I met friends for lunch yesterday in Brentwood, an upscale suburb of Nashville, and I was shocked at the number of restaurants that had gone out of business.
What does that tell us?
People don’t eat out as much as they used to. That’s one of the messages. Actually the area can be developed with more income-producing properties.
Here’s another article about cars and that market. Auto makers prepare for worsening slump
(This may be a good year to get a better deal on a car).
Here’s my point. Real estate is the place to be when inflation increases and the economy gets gloomy. That’s because real estate is a tangible asset which generally appreciates and increases in time, if bought correctly.
And yes, Robert Shemin, you’re right. The profit is really made when you buy the real estate.