As the world is grappling with once in the century pandemic is it a right time to spent on real estate. Well the statement might sound obtuse, but it is practical. There is portent of recession everywhere. All the IFIs are busy predicting a slump of economy or a complete shutdown. One cannot rely on the monetary system and the medium to be precise to invest. More tangible and sustainable substitute can be real estate, at this time of global affliction. Here are the 3 points that will turn your uncertainty into sheer conviction that this is the time to spend money on real estate.
Buy when no one wants to buy:
A statement of wit; buy when no one wants to buy, sell when everyone wants to buy. A way to earn fortunes. This is the time people are dealing with severe psychological traumas because of the work shut down and complete absence of social life. There is no one who is using a rational mind and keeping the calm intact. Due to the low demand in the market and the constant presence of supply there will be a plunge in the prices if it is not already witnessing a downfall. Even after the world will emerge from the crisis the prices of property will remain low.
You need a Roof in any case:
If we take lessons from sci-fi movies, roof is important no matter what global affliction takes hold of you. Shelter is what everybody needs, this is the best time to secure your shelter. Even in apocalyptic science fiction movies, everyone needs a roof, safe a roof for yourself. Under this severe lock down, people who are paying rents, evacuating their homes finding spaces to live are having in tougher than most of us. Invest on a reliable thing, something that serve to earn as well as live under circumstances.
The Real Legacy:
Money can never be legacy, it is real estate you can give to your children, undo the shackles of paper money and invest I something that is real. The monetary system in the coming time will not be reliable, dollars or any currency will lose value due to the recession that is predicted and in worst case an economic depression that might be in the offing. Property is something that cannot lose value so readily as currency. It is a promising investment, a profitable business to be precise.
This advice can be and valuable for people who ae looking to invest their money at this time. This is the time when the picture is clear in front of us. How important it is to own immovable assets upon which one can rely during trying times. As the world is sleeping you minor action can be turned into a profitable venture in the future. We are committed to come out of this why waste the time.
Act rational this is not the time to lose brains.