Real estate take a slow recovery from now on
January 6, 2011 7:38pm CST
As with the slow economy during the recent years, Real estate almost lost its heart beat. Many construction companies lose the confidence to build another house subdivision, or town house condo. What is rising during the real estate down time will be apartment complex. People afraid to owe the mortgage, and indeed they don't have money anymore to handle those house expenses. So, there are many of those condominium left empty. In fact to turn it to make money, those builders must convert them into apartment or rent it out is the only viable methods. What do you think of it? Are you afraid to own a house with heavy mortgage on your shoulder?