CW 742 FBF - The Three Dimensions of Real Estate Investing & Macro vs Micro Markets
Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver \u2013 real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly \u201cbad\u201d markets. For example, when financing becomes expensive (low housing affordability rates) or difficult to qualify for (low capital liquidity) it can create excellent opportunities to increase rents. When mortgage rates are low and qualifying is easy it can spur terrific appreciation. You can win either way so long as you adapt your strategy based on economic realities.
Additionally, a discussion about Macro vs. Micro Markets\u2122 so don\u2019t just run out and buy based on a city \u2013 be sure to screen and drill down into the various Micro Markets\u2122 within each city. Since you can\u2019t buy all of them\u2026 you may as well buy the best ones!
Last but not least Jason recommends the book \u201cRevolutionary Wealth\u201d by Alvin and Heidi Toffler.