Recently a customer who was looking to buy a student condo in Austin told me that due to the election results she didn’t want to go ahead with a purchase. Now we all know that buyers have many reasons for not wanting to purchase but I had to laugh at the notion of not buying because of an election.

Economic cycles …yes, job status….yes, moving to another city…yes, those are good reasons. However not purchasing property because of an election means you don’t understand the intrinsic value of real estate. Real estate outlasts political terms in this country. In fact it outlasts governments. Remember that Texas and Austin, in particular, was owned by Mexico, the Republic of Texas, the Confederacy and now the United States.

Throughout all those years Austin has grown and prospered albeit with some ups and downs. This is one of those down times. Make it work for you. Look to the long term and I know you will realize that today’s market represents a buying opportunity.

This entry was posted on Monday, November 10th, 2008 at 11:22 am and is filed under Austin Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.