OK investment rant over with, now we can get on to more important things like Interest Rates. Folks, can’t stress this enough; if you are in the home buying market, get with it. 30 years in the low 4’s is free dough, take advantage of it. Also Real Estate taxes are down and should hold …
Vote today and this being Miami, vote often!
So what’s the take away? An investment can be anywhere/anything but it’s a business and as such must be treated as so. Your Home? It’s where you come to at the end of a day and as such, it’s sacred. Nice little article about home ownership.
Ok where were we? Oh yeah……Non investors buying with the “it will be worth more in 5 years” and then we can sell at a “hefty profit” Really? To who? Other investors? New Boom! Oh, I guess I am in the fortune telling business. Ah…. but if you are a “Real Homeowner”…..it’s a great time …
When we last left the investment craze we were at TARP (D,R,I)So we continue: FEDS step in and “prop up” Lenders; everyone freaks. FEDS now “tighten” lending guidelines; Lenders stop lending Renters can’t get a loan; Non Investors can’t get a loan Real Cash “$$$$” becomes King Cash Investors start “buying back” what they sold …
Buyer; “when will this property be worth what it was worth in 05’” Jav; “when Hell freezes over?” Buyer; “will that be in five years or less?” Jav; “in five years this place will be worth more then what you paid for it” Buyer; “how much more” Jav; “well when we factor in; cost of …