Remember when real estate investing was the in thing? Back then, there were two kinds of people. Those who invested in real estate and those who wish they were investing in real estate. Back in the day, there were as many articles about real estate investing as there were about Paris Hilton, Britney Spears, and Lindsey Lohan combined. Real estate was the water cooler conversation, especially since Seinfeld has been long off the air. If you could not buy real estate, you could still dream, and make no mistake about it, it was the American dream. Many people still think it is. And mortgages, if you could fog up a mirror while breathing, you qualified. Yes, not too long ago, real estate was the hot topic, the in thing, an ideal retirement vehicle, and the way to become wealthy. In the past 4 years or so, it has fallen out of favor for most of us. Fortunes have been lost, time has been seemingly wasted, and we all learned a lesson we will never forget. Many people have washed their hands of ever investing in real estate again. They have been burned once, and never want to be burned like that again. Some people don?t believe it will ever come back, and if it does, it won?t reach the high point where it once was. Yes, real estate investing has certainly made an impact on many people. For those who still have some hope and faith left for real estate, there are very good reasons to want to invest again. Here are 5 reasons to get excited about investing in real estate again: 1. We are at the bottom of the real estate market. Each location is unique; one area may be on an upswing, while another location may be suffering. Overall, most would agree that our country has gone through a rough time economically, and the declining real estate market and mortgage crisis was the main reason behind this depressive time. There are very good indicators that we are at the bo ttom. Foreclosures have been slowing up, sales have been rising up, and some locations claim to not have enough inventory. After we are out from the bottom, we will know we were at the bottom.2. There is less competition. Sales are brisk in some areas, but it is still considered a buyer?s market. Many people would like to buy and take advantage of the good deals, but do not have the money, or cannot get a mortgage. As these buyers come out of the woodwork, prices will start to move up.3. Sellers are truly motivated. Many sellers do not want to sell in this depressed market, but they have limited choices. Many sellers are selling at prices below what they paid for the property. This market is ripe with motivated sellers.4. The term short sale is now part of Americana, just like Watergate, Monica Lewinsky, and tsunami. Foreclosures have been rampant, and some banks are now being reasonable and making smart decisions for this particular market. The short sale purchasers of toda y will spend their wonderful retirement bragging about the great real estate deal they made. 5. Our country is deeply in debt, and each day, sinks even further into a hole we can only hope to one day crawl out of. Most of us will not live to see the day our country is out of debt. One day, the eggroll may replace the hot dog, and the fortune cookie may replace the apple pie. This certainly is not something we look forward to. We cannot control what government does; only try to vote for the right politicians. Because of all of this debt our country owes, it is only inevitable that taxes will be increased. That is one very important reason to have real estate investing as part of your financial plan. Besides all of the wonderful benefits that real estate has to offer, being able to write off part of your income taxes is something that you will come to appreciate more each day. There will come a time when more people will realize that they need real estate to stem the rising co st of taxes, and that will cause properties to appreciate even more. So, what are you waiting for, 5 more reasons? Remember to always be an informed real estate investor.
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