By Greg Rand, CEO, OwnAmerica
RISMEDIA, February 22, 2011—I use Florida as a metaphor for the unique opportunity that this economic crisis presents to investors. Florida is a market that has performed wonderfully for investors for decades, but it is in a very tough spot right now. Over development, over speculation and wild lending practices have damaged the market, temporarily. But what is the long-term picture for Florida? Here’s a hint – it’s a bright future.
Editor’s Note: Prospering in the Real Estate Revival is a weekly video column by OwnAmerica CEO Greg Rand (@gsrand on Twitter). Each week Rand will offer his expert insights into how to grow wealth in the current real estate market.
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