YIKES! I’m getting this uneasy feeling… with all the heaviness around us – Irish & Greek banks going bankrupt, skyrocketing oil prices, ongoing political turmoil in Lybia & Egypt, the earthquake that has devastated Japan, a very weak US dollar, our daunting astronomical debt to China, and now… the US government is on the verge of a complete shutdown over budget cuts. All signals point to — What? Inflation? A bursting commodities bubble? Maybe a double dip (bite my tongue)? I just don’t understand what is propping this market up.
IF it all comes tumbling down, it’s a tough call to know where to be. It seems like there is no real safe haven these days. Maybe… just maybe, buying a rental could be a route to consider. Rates are still unbelievably low and average Missoula home prices have fallen 9% since 2007. This could be an opportunity to pull some of your profits out of the petering stock market rally, and invest in a rental property. Thanks to the University, the Missoula rental market is nearly recession proof here.
