"Smart People Are Buying Real Estate"
January 26, 2011
"Smart People Are Buying Real Estate" is a quotation from a California of Realtors weekly online newsletter, "Market Matters.
The "Beyond the Headlines" piece was entitled "Real Estate: Finally a good investment?" I have a personal prejudice about buying a home because you are looking at it as an investment. I believe folks should buy a home because they want to live in it and enjoy a homes amenities. However, I recognize that many of the Forbes Magazine's richest people did make their wealth by investing in real estate.
The article is worth quoting in part:
"Smart people are buying real estate - A prominent hedge-fund manager said in a speech last fall: "If you don't own a home, buy one. If you own a home, buy another one, and if you own tow home, buy a third and lend your relatives money to buy a home." He believes that interest rates and home prices will rise this year, so real estate bargains won't last much longer.
Real Estate performs well during inflation - Convention says Treasury Inflation Protected Securities, commodities, and real estate do well in an inflationary environment. Real Estate performed well during the period in the 1970s, when persistent inflation and high unemployment occurred.
Demand may be coming back - Job creation and getting people employed are the two major factors in the housing rebound. There's much debate about when the job market will recover. Optimists say the recovery will happen this year, while pessimists say it won't happen for several years."
There you have three good reasons to talk to a loan agent, get yourself prequalified, hitch up with a real estate agent and find a property that meets your present needs and wants.
"Smart People Are Buying Real Estate" is a quotation from a California of Realtors weekly online newsletter, "Market Matters.
The "Beyond the Headlines" piece was entitled "Real Estate: Finally a good investment?" I have a personal prejudice about buying a home because you are looking at it as an investment. I believe folks should buy a home because they want to live in it and enjoy a homes amenities. However, I recognize that many of the Forbes Magazine's richest people did make their wealth by investing in real estate.
The article is worth quoting in part:
"Smart people are buying real estate - A prominent hedge-fund manager said in a speech last fall: "If you don't own a home, buy one. If you own a home, buy another one, and if you own tow home, buy a third and lend your relatives money to buy a home." He believes that interest rates and home prices will rise this year, so real estate bargains won't last much longer.
Real Estate performs well during inflation - Convention says Treasury Inflation Protected Securities, commodities, and real estate do well in an inflationary environment. Real Estate performed well during the period in the 1970s, when persistent inflation and high unemployment occurred.
Demand may be coming back - Job creation and getting people employed are the two major factors in the housing rebound. There's much debate about when the job market will recover. Optimists say the recovery will happen this year, while pessimists say it won't happen for several years."
There you have three good reasons to talk to a loan agent, get yourself prequalified, hitch up with a real estate agent and find a property that meets your present needs and wants.
posted by shirley harry at 8:59 AM
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