Donald Trump: ‘Now is the time to buy’

Donald Trump: ‘Now is the time to buy’

Sunday, October 28, 2007

On his new CNBC show, “The Billionaire Inside,” Donald Trump believes this is one of the best times to get into real estate.

Question: With everything going on in real estate right now and the fallout of the subprime market, is this a good time to invest in real estate?”

Trump’s answer: It’s the best time. Two years ago I would be making speeches and telling people ‘don’t go into real estate.’ People would be paying me lots of money to tell them how good it is and I would be saying don’t go in.

I also told people to stay away from those mortgages; I called them ‘exploding mortgages’ — stay away.

This is the best time. You can make great deals today that you could not have made a year ago, you couldn’t have made two years ago. It’s funny, there is less interest in real estate now because people have been hurt and this is where there should be more interest. This is the time to really go in, this is the time to really bargain, really chisel away and go in and make some really good deals. You could not have done that a year ago.

Here’s link  for more info.

http://www.thereibrain.com/realestate-blog/donald-trump-depression/139/