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Endre Barath, Real Estate Pro in Beverly Hills, CA

Are you Bullish or Bearish of the Real Estate Market and why?

Asked by Endre Barath, Beverly Hills, CA Sun Sep 19, 2010

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Don Tepper’s answer
Both. Or neither.

And it also depends on short-term or long-term.

Overall, long-term I'm bullish. Short-term I'm bearish.

It also depends on the market niche. I'm bearish on high-priced luxury places. I'm relatively bullish on medium-priced homes.

It also obviously depends on the geographic area. For instance, in the D.C. area I'm bullish on homes inside the Beltway--that's 10-15 miles out from D.C. I'm less bullish on homes 30-45 miles out.

Basically--to answer your "why"--I'm bullish on properties for which there's a comparatively strong demand now and in the future. I'm bearish on properties for which there isn't much demand.

Hope that helps.
1 vote Thank Flag Link Sun Sep 19, 2010
Don Tepper, Real Estate Pro in Burke, VA
Hi Endre. Bear for short term for sure. Things will be rocky for a while. At minimum until elections. I hear prospective buyers telling me daily why they are nauseas from the markets and have little faith in real estate.

BULLI, BULL and BULLISH for long term!! I believe real estate in the right location at the right price is the best investment in the world:



Scott Miller, Realty Associates, Boca Raton, FL
0 votes Thank Flag Link Sun Sep 19, 2010
Some may step forward to declare they are sheepish because of the distressed property market........and no end in sight!
0 votes Thank Flag Link Sun Sep 19, 2010
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