Prince George’s County–The Time for Real Estate Investment Is NOW

Posted under About Maryland by Rob

Prince George’s County, Maryland, is one of the best areas in the nation for real estate investment. Three experts in the local area will tell you why. First is Sherman Ragland, the leader of the Greater Washington DC Real Estate Investors’ Association (DC-REIA). He does an excellent

job of informing members on markets and projected changes and the current political situation as it affects real estate. He focuses on a circle within a ninety-mile radius of the White House, an area that holds 7,900,000 people. The federal government is going to grow, what with the current financial crisis and the military base realignment process that is bringing 100,000 new jobs to the area by 2011. In addition, two-thirds of the federal workforce is now eligible for retirement, and half of those employees will stay here when they retire and their jobs are filled by new people. So the demand for housing will continue to grow. Anirban Busu, an economist with the Baltimore Sage Policy Group, says Washington DC has replaced New York City as the financial capital of North America. Last year’s market events crippled Wall Street, and when people can’t look to their bankers for help, they turn to the federal government. He said the world’s twelve top stock markets fell in 2008, ranging from a 68% drop in Shanghai to 33% for the Swiss market, with the USA markets in the lower range. This new financial role will bring more jobs and people to this area, and especially to Prince George’s County. Don Peebles, Washington DC native and real estate developer, whose current book is The Peebles Path to Real Estate Wealth: How to Make Money in Any Market, believes the best place to invest in the USA is the DC area, and the best place within that area is Prince George’s County. That’s because this county has the most Metro stations, the largest concentration of government employees, an influential Congressman, the least federal leased office space, and an affluent population. Whereas the previous administration focused on home ownership and road improvements, the new focus is expected to be on public transportation and affordable rentals.The corridor that runs from Washington DC to Baltimore includes the top part of Prince George’s County and is increasingly being developed. There are many empty houses throughout the area, mostly as a result of the extremely high foreclosure rate in the county, and there will be many new homeowners waiting to purchase these houses after rehab. The time is right for investors to snap up these properties and turn empty houses into homes again.buymyemptyhouse.com is a group of real estate investors in Prince George’s County, Maryland, established to stop the bleeding caused by an empty house and to turn these houses into homes once again. We are seeking to buy empty houses in Upper Marlboro, Bowie, Clinton, Hyattsville, Temple Hills, Suitland, and surrounding towns. If you own a house and can’t make the mortgage or tax payments, contact BuyMyEmptyHouse.