“The Donald”
Every day clients ask me if I think that the real estate market will keep going down. To answer this question, I look at the local market statistics, listen to Real Estate analysts, and give my personal opinion. Prices for Real Estate in South Lake Tahoe may or may not go down any more, but Real Estate mogul Donald Trump says “Now is the Time to Buy!”.
Last week “The Donald” was on Good Morning America, and gave his opinion on the Real Estate market.
“If you want to buy a house there’s probably never been a better time,” Trump said. “It’s a tough market. It’s a horrible market,” he said. But “this is the absolute time to buy. It’s not the time to sell.”
According to Trump, the golden real estate rule of location, location, location still applies.
I can’t think of a better location than Lake Tahoe! Lake Tahoe is a resort destination area with year round activities that draws people of all ages and interests.
Donald Trump has made millions on real estate in his career, and is definitely a reliable source for real estate advice!
I personally do not know if we are at the “bottom” of the market, but I know we are close. We are close enough to the bottom that I am putting my money where my mouth is. I just put a seven unit apartment building in South Lake Tahoe in escrow for myself. I feel that now is the time to buy, and that is what I am doing!
