Around the first of this month, I wrote a short blog called "The Time Is Now!" about when is a good time to buy a house. This morning, an article in the Atlanta Journal Constitution reinforced my idea that there's no better time to buy real estate than now.
Julie Hairston wrote in the AJC this morning that Atlanta Falcons owner Arthur Blank has just put his seven-bedroom Buckhead mansion on the market for $10.9 million. Well, most of us couldn't even afford one bay of the three-car garage or a couple of the seven full baths in that home! But, that's not the point.
The article says that the Blanks will be moving to another Buckhead home the are renovating, and are joining a trend among their moneyed peers of investing in new homes.
Julie writes that a recent American Express/Harrison Group survey of 1,800 wealthy individuals indicates that as many as 40 percent of the nation's wealthiest household intend to buy real estate this year. They view real estate in today's market as a real bargain.
Real estate is a real bargain in today's market... not just in multi-million dollar properties, but across the board. You have your choice of large numbers of homes available in all price ranges. Mortgage money is available, and mortgage interest rates are the lowest in years. "Prices are down and that's when the smart people buy," the AJC article says.
So if the "smart money" is buying real estate right now, shouldn't you? How do you think those guys made all 
those millions anyway?
The Time Is Now!
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