Not a recommendation just an opinion. I'll answer your question with another. Would you rather pay a discount or premium when buying property?
There's a well known saying in the financial world and I paraphrase "Buy stocks when all the Brokers are jumping out the windows & Sell stocks when everyone thinks the NYSE or Nasdaq will never correct. " A little different than the RE Market but in a sense the same concept. I think we all like to buy anything for a discount and right now even though the RE market is coming back with a vengeance, especially here in California, it's still considered undervalued.
Keep in mind that while related, the residential and commercial real estate markets are entirely different animals. For one thing, supply and demand factors can be quite different for the two real estate catagories. For two, commercial real estate buyers have deep pockets, unlike many home purchasers, so the potential is there to support commercial real estate in markets where there is sufficient demand, even in slow growth times.
I would say given the low interest rates, it is a good time to buy commercial real estate, as long as you are buying in a market that is not overloaded with empty commercial real estate.
The theory is buy low and prices are about as low as you might expect. Land usually always rises in value. The future looks risky and could completely collapse.
But then money would be worthless anyway and one can't really allow for that except by buying gold, stocking up on weapons and food. Land well selected has always been a good investment over time, just don't get in over your head with short term low interest mortgages.
The market wil continue to go down as sales are still significantly trailing new homes under construction. I would stay on the sidelines until we start seeing signs of bottoming out of the housing market. In terms of specific geography, hard hit areas like Florida and Las Vegas are predicted to continue their fall but there are better oportunities in California.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.