The philosophy is simple. While the whole business world is having its share of hard times, price drops and special discounts particularly in the world of real estate and property sales should be carefully evaluated. This is a familiar scene all throughout the world as most developers are trying to get some sales in to help them operate for the meantime. As it seems, unless the crisis picks up, it looks like they have no choice but to offer these last option financing deals to survive.
On the side of the consumer, this can be a good sign as well. Though money may be hard to come by, it is an opportunity to which they can take advantage of. Buying or getting deals right now would be good although surely, much of these price drops and special discounts are only catered towards cash basis purchases. The philosophy is really simple. Real estate developers need cash in a hurry and by enticing cash purchases, the period of investment will be lost but not as extensive compared to a financing and installment loan.
So with that in mind, expect people who have savings to consider investing now. It is indeed the best time to invest and able people should consider this opportunity as a once in a lifetime deal. Not that we are trying to entice abuse of the current situation but as people preparing for their future, such is a something that may last as long as the crisis dwells upon us. Once it is over, all of these will be gone.
Originally posted on December 4, 2008 @ 3:43 am