In the long run, the value of Real Estate will always go up, but the day to day, especially these days, can be pretty scary. If you are in the market today, you are aware of market psychology and its role in the current downturn. As with everything else, knowledge is power; a better understanding of the market is the key to turning bad situations around. So, this week Cherie and I had Saul Kaplan, the Executive Director of the Rhode Island Economic Development Corporation to talk about the Rhode Island's economic health and from where he stands, things don't look that bad. RIEDC's policies, programs, and projects help strengthen, enhance and enrich the business environment for public and private sectors in order to create prosperity for all Rhode Islander's. RIEDC initiatives include Every Company Counts and RI Nexus. They target high-wage sectors including health and life sciences, financial services, IT and digital media, marine and defense and consumer and industrial products. These are sectors where we already have strength and opportunity for growth. Why should you care if there are jobs here if you are moving to Florida? How will the prospective buyer of your house afford it if he or she does not have a good job? Good jobs help to support housing values. This week's Real Estate Insight: While improvements in our business climate are essential, there will always be places where the cost of doing business is significantly lower. In order to compete, we must be able to leverage our great quality of life and we must create an education system that provides skilled workers.Understanding today's market is the key
- By Michael McCann
- Posted
In the long run, the value of Real Estate will always go up, but the day to day, especially these days, can be pretty scary. If you are in the market today, you are aware of market psychology and its role in the current downturn. As with everything else, knowledge is power; a better understanding of the market is the key to turning bad situations around. So, this week Cherie and I had Saul Kaplan, the Executive Director of the Rhode Island Economic Development Corporation to talk about the Rhode Island's economic health and from where he stands, things don't look that bad. RIEDC's policies, programs, and projects help strengthen, enhance and enrich the business environment for public and private sectors in order to create prosperity for all Rhode Islander's. RIEDC initiatives include Every Company Counts and RI Nexus. They target high-wage sectors including health and life sciences, financial services, IT and digital media, marine and defense and consumer and industrial products. These are sectors where we already have strength and opportunity for growth. Why should you care if there are jobs here if you are moving to Florida? How will the prospective buyer of your house afford it if he or she does not have a good job? Good jobs help to support housing values. This week's Real Estate Insight: While improvements in our business climate are essential, there will always be places where the cost of doing business is significantly lower. In order to compete, we must be able to leverage our great quality of life and we must create an education system that provides skilled workers.
