Monday, December 28, 2009
The Best Place to Invest in Real Estate
I was reading a blog the other day about some amazing real estate deals in Detroit. The author proposed this as the Best Place to Invest in Real Estate right now. By now we have all heard about the super low prices for homes in that area but would you really want to live there? There are many other hyped up cheap places to live and buy real estate - Kirkland Lake in Northern Ontario has been marketed as THE retirement 'hot' ??? spot. Whenever I read opinions like this I tend to pause. let my common sense kick in and then look a little further. Who is the blogger? Whenever anyone talks only about the U.S. I immediately discount the advice and check to see where the author is based. If he or she is American I discount the advice a whole bunch further. Regretably, Americans writing about the Best Places to Invest are typically off base simply because they forget there is a whole big world out there outside of their orders. I'm sure one day, in fact lets make it today, when someone (me) will compare American Investment Gurus to the Europeans of the dark ages who were conviced the world was flat! If you are serious about your investments and truly want to find the best places to invest in real estate or anything else for that matter I encourage you to look at credentials and seek out people who have a more global perpspective on the best place to invest. In this new era of world politics and global economics I know you will be glad you did!