According to a current article, "It is a metropolitan area with a great past, and many fine civic institutions, including great parks, sports teams and a world class orchestra. This long laggard Midwestern metropolitan area may face its best competitive prospects since Chicago passed it in population in 1870. Local and state leaders need to stay away from the policies that would dilute St. Louis' principal competitive advantage, a low cost of living, due to a housing market left to operate without destructive distortion."
So what can we do in this situation? Buy houses! Warren Buffett recently said "he'd buy up 'a couple hundred thousand' single family homes if it were practical to do so. If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down."
If you are able to invest in real estate, now is the time. Contact us if you need a good property management company with fair terms and reasonable people. We are ready to help.