If you don’t own a home, buy one; if you own one home, buy another; and …

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Real Estate Broker/Owner BRE# 01353757
http://actvra.in/PsZ

 If you don’t own a home, buy one; if you own one home, buy another; and …

Multibillionaire hedge fund operator John Paulson says now is the time to invest, stating:

“If you don’t own a home, buy one; if you own one home, buy another; and if you own two homes, buy a third and lend your relatives the money to buy a home.  Your debt and interest payments get locked in at record lows, while the price of your home is still safe."

Paulson is not alone in his belief that now is a good time to buy. A recent study by several universities, found that today's "hurdle rate," or the point at which it's equally smart to rent or buy if your only criterion is to build wealth, also suggests that it is a better time to buy. In "Study Calls Today's Market Good Time to Buy," an article found in REALTOR® magazine, Robert Freedman, NAR's manager of multimedia communications, notes the following:

"The hurdle rate is the point of equilibrium between renting and buying where it’s a wash in terms of wealth building. If today’s hurdle rate is lower than the average past property appreciation rate for a particular market, then it makes sense to buy, because future property appreciation should be such that an individual will, on average, create more wealth through owning rather than renting. On the other hand, if today’s hurdle rate is higher than the average past property appreciation for a particular market, then this is a sign that ownership can be a drag on wealth creation."

 

 

 

Wealth Buikding


 

Check:

  • How to increase the chances of getting  More Offers”.
  • How you canPay Less  when you buy from a Home Builder.    FrankMoham@gmail.com


 

If you don’t own a home, buy one; if you own one home, buy another; and...

The decision to pursue homeownership may be based on many factors: everything from a friend’s decision to purchase a home or a family member’s advice against “throwing your money away on rent” to your bad experience with a landlord or the noisy neighbors sharing your wall. While all of those scenarios (minus peer pressure, of course) may inspire valid arguments for considering the purchase of a home, how do you determine if you’re genuinely ready to join the ranks of homeowners? After all, buying a home is a massive decision and includes multiple, long-term financial and lifestyle obligations. The average person spends around 1/3 of their income on their home.You’ll still need to do the work to make sure your personal finances and holistic life picture are also in alignment before you buy, as well of the work it takes to ensure that your real estate and mortgage decisions are sustainable and smart, over the long-term. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare.




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Broker, Agent, or/and MLS provider does not guarantee the accuracy of: 1- the reports, charts, articles, and also the information from links to other websites. 2- Square footage, lot size or other information regarding the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website. Many articles may be time and date sensitive so please always look at the date posted. Consult your tax advisor, financial planner, attorney, or/and appropriate professionals concerning your personal specifics. Interested parties are advised to independently verify the accuracy.                                                            

                                                          Frank Moham  DRE LIC. #01353757

 

 

 

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Rainmaker
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Kathy Stoltman
Rockwood Realty - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Frank, no doubt there will be folks that will be kicking themselves in years to come because they did not buy in today's real estate market.

Jan 17, 2013 10:20 AM #1
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Rainmaker
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Frank Farahbakhsh Moham

ABR®, ePRO®, GREEN®, TRC®, VRM®, SFR®, REALTOR®
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