Interview: David Bach .. Real Estate is Local!

"Automatic Millionaire Homeowner" author talks about investing in real estate and today's marketplace.

By Elizabeth Razzi • Bankrate.com

How do you feel about investing in real estate given the current state of housing markets?

Real estate is not national; it's local. At the end of the day the only market that matters is the one you're investing in, the one you're buying in. If you're thinking of buying a home, you have to ask: Where? Why? How long do you plan to live there? People are always doing better buying for the long term....continued