Mortgage Blog

Macroeconomics or Micro-economics

January 30th, 2019 8:59 AM by Eric Fang

I remembered that I studied both classes for my MBA when I was in Chia. That was about 30 years ago. But I heard one of my clients talked about it last week.

We talked about the real estate market in the bay area. She is a very very good real estate investor. And invested heavily on the properties in the bay area and LA area. And she purchased one property last November. And I told her the timing was so good, since the market is coming back after the new year.

And she told me that she would purchase properties based on macroeconomics. As long as the macroeconomics is good, she would purchase. It does not matter whether she paid $50k less or more. And one advantage of the investment in a slow market is that she would not have to overbid by adding 100k or 200k.

By the way, I have another client purchased last Dec, the deal was very good as well.

Posted in:General
Posted by Eric Fang on January 30th, 2019 8:59 AM



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