"According to Local Guru - Best Buyer’s Market In 15 Years for DC Real Estate Investors"
“This is the Single Best ’Buyers Market’ in over 15 years!” states Sherman Ragland, a Wharton MBA and leader of the largest real estate investor’s organization on the East Coast, the Greater Washington, DC Real Estate Investors’ Association (www.DC-REIA.com).
According to Ragland, the price of housing in the DC region has dropped to the point “In the coming months we can expect that prices will start trending back up - way up!”
Why does Ragland believe that we have “hit bottom” in the current real estate recession? Simply stated Ragland and his team of real estate investors believe that the stimulus plan currently being touted by the Bush Administration and supported by a Democratic Congress is the “beginning of the spigot of Federal Dollars flowing into the region”.
In his final months, weeks and days as President, George W. Bush is going to be remembered as the BIGGEST SPENDER in the modern day history of Presidents. “He came to town with a balanced budget, now leaves with a trail of TRILLION DOLLAR deficits”. Ragland goes on to state that the “BIG WINNER” in the game of Federal Spending is the local economy. According to Ragland, 25 cents of every dollar that the Federal Government spends stays within 90 miles of the White House. Ragland claims that this figure comes from Dr. Stephen Fuller of George Mason University.
“While the rest of the country is freaking out about the coming stock market crash and national recession, we in the DC area should be dancing in the streets, because every time the Federal Government goes into a deficit spending mode to pump up the economy, housing prices in the DC region experience double digit growth for a 3-5 year period”, according to Ragland.
Ragland goes on to say, “With housing prices as low as they are now, this represents the single best buying opportunity for investors since the days of the RTC in the early 1990’s... and in a similar manner, once the Federal Government starts spending to pump up the economy, housing prices will experience a rapid increase in our region and they will not ever be coming back down to these levels.”
- Contact Information
- Sherman L. Ragland II
- Dean of Washington Real Investors Academy
- Lisa Wicks
- Contact via E-mail
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