We are at a unique time in United States history. For some of us, if not most of us, we may not have the privilege of seeing a market like this again in our lifetime. You are probably asking yourself…”Why does he associate ‘privilege’ with experiencing this market?” Let me explain…..
Canadian investors see opportunity with Arizona investment property
Over the past few years, we have seen an economic downturn unlike any most of us have ever experienced. We can all offer our opinions (some supported with fact and others without) on what caused this market collapse. However what we do know is that with every major downturn, there is tremendous upside. The most successful investors have created a large amount of their wealth in times like these.
What separates these successful investors from you? In most cases, very little. People, like Robert Kiyosaki and Donald Trump, create opportunities instead of just waiting for them to come across their desk. In this real estate market, you do not need to look too hard to find some great opportunities with Arizona investment property.
There are several factors that make the Arizona real estate market very attractive. A few of these include:
Canadian Dollar’s parity with the US Dollar – A weak US Dollar is good for Canadian investors and it is getting weaker ever day. The recent purchase of US Treasuries (quantitative easing) by the Federal Reserve will further devalue the dollar, as they add $600 billion to the money supply. This will make Arizona investment property even more favorable.
Property values are significantly discounted – With a decrease in property values of over 50% in the past few years, Arizona investment property is on sale. Being ranked 3rd in the number of foreclosures and lenders holding onto a large inventory of homes that have not even hit the market, Arizona real estate will remain depressed for the next several years.
Rental markets are favorable – The depressed real estate market has created a great market to own rental property. There has been an increase in the number of people that can’t qualify for financing or have recently been through a foreclosure/short sale. In most cases, they have no choice but to rent. With the affordable home prices, Arizona investment property buyers are able to capitalize on the higher returns.
If there has ever been a time to purchase real estate, it is now! Learn more about the opportunities to own Arizona investment property with Clear Vision Investment Group.
