How many times have you seen an article announcing the real estate bubble has burst? While admittedly almost 2 of every 3 homeowners in the United States has been lost home equity there are still many opportunities to profit from the current real estate market. However, taking advantage of the market requires reassessing how we look at our home.
This article is the first of a series that will provide an explanation of the phenomenon of the housing bubble, why it had to burst and perhaps most importantly, how we should now approach housing as the housing market corrects. Rest assured, the long term picture of rising property values will return as it is fundamently still your best and most important investment. However, in the meantime we need to take stock, just as we would any investment, and assess which way to go from here.
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