To put it succinctly, I believe that this year is going to be positive for the market. I know this is counterintuitive considering that every other prediction is different, but let me explain. No matter how you look at it, you will either have an "up market", which everyone would be happy about in almost every field of Real Estate, or the dreaded "down market", with a lot of great deals for those who have the capital and/or credit to buy (up market for them in my opinion!) which will then have the consequence of a lot of great units for rent throughout Miami at competitive prices (up market for those that don't have the capital or credit to buy).
In reality, Real Estate is always good in either type of market, the only exception to this concept is the TRANSITIONAL period between these two points. If you participate in an up market, you only have to worry about a large drop to a down market. If you are in a down market, you have usually not much to worry except an even lower market. But once that transition comes about, which doesn't last that long in real time, you will tend to be in a good position to invest. Later on, I will explain interesting strategies to protect yourself from these transitional shocks in the market.
I wish a very happy and prosperous new year for everyone involved in this business and I hope that we can all participate in the process of lifting our economy up again through the exchange of Real Property.
Real Estate is the most dynamic, exciting, and ancient business that humanity has ever engaged in. Participate in it with the right education and adventurousness and you will always gain.
