Is buying a home right for you?
Let's start by looking at current market conditions.
- Low interest rates. Despite growing concerns for the sub prime market, interest rates are still at some of the lowest levels ever! So while others cannot buy because of the sub prime collapse, if you have even just decent credit, you can still enjoy historically affordable rates. Which takes us to…
- Dollar devaluation. During the 1970’s President Nixon took our currency from the gold standard to our current system. That decision and today’s economy is causing the dollar to depreciate at a faster rate than in the past. Real Estate is one of the only investments that can actually benefit from inflation.
- Real Estate is the ONLY investment you can count on ALWAYS* going up in price or returning back from a lower price. Countless fortunes have been built on Real Estate because like they say: “They ain’t making more land!”
- It’s California! Millions of people around the country and the world want to live in Southern California. There will always be a high demand.
- Cash flow. Unlike other investments and possessions, Real Estate can be used in a number of ways to create additional income. From renting out a spare room to completely changing the properties use to add value.
- Leverage. Here is one of the great reasons to buy Real Estate: You don’t take the major risk! The bank does. Real Estate is so good; that regardless of market conditions perfect strangers (otherwise known as banks) will lend you the capital for you to invest. They won’t even do that for their own stock!
- Your family. Not only is Real Estate all of the above and much more, it is also a place called home. A place to make your own, raise a family, relax on weekends, invite friends and family, grow old and eventually pass on to the next generation. It’s a tangible, valuable asset that not only provides income, but security for generations… It’s your legacy.
So is buying a home right for you?
In almost every case, the answer is YES. Real Estate affords you tax savings, appreciation in value, income, security, and freedom.
* Real Estate markets are very localized and all areas go up and down in value. Real Estate has historically returned and surpassed previous values.