Would you take investment advice from a billionaire? According to Forbes magazine,
John Paulson is, "A multibillionaire hedge fund operator and the investment genius."
He is suggesting that if you can, you should buy a home.
He broke down the math of home-ownership as an investment:
1. "Today financing costs are extraordinarily low." The latest numbers from Freddie Mac
show us that you can still get a 30-year mortgage at historically low rates of under 4%.
2. "And if you put down, let's say, 10 percent and the house is up 5 percent," as many experts
predict, "then you would be up 50 percent on your investment." How many are seeing a 50%
return on a cash investment right now?
Paulson goes on to compare the long term financial benefits of owning versus renting:
3. "And you've locked in the cost over the next 30 years. And today the cost of owning is
somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you
buy a 30-year mortgage, the cost is fixed."
I know you've been looking... it's why you're on my email list. :) So, are you ready to make
the leap? The first step is to find out just home much home you can afford. Quite often,
a mortgage will actually cost you less than what you're paying in rent today. Want to find out
where you stand? Click here to ask for our free (NO OBLIGATION) home loan report.
After you do that, come back, and let's look at the new homes that have hit the market.
There were 18 new listings this week in Granada Hills. They range in price from
$399,999 -$2,150,000; size 1325sf - 5025sf; age from 1912 - 2011.
Here are our featured listings this week...
16434 Chatsworth ST, Granada Hills, CA 91344
MLS # SR16102224 - $539,900
Beautiful 5 bedroom home in lovely Granada Hills. This house features a wide-open
kitchen, cozy fireplace, plenty of natural light, 4-car garage and a private deck in the
backyard. Soaring ceilings in almost every room, open beams in the living room,
grassy front yard private back yard with large deck. Master suite upstairs and a junior
master downstairs.
Check out all the new listings this week in Granada Hills – HERE
I look forward to chatting with you soon,
Anne-Marie Stone
Pinnacle Estate Properties
Cal BRE# 00923192
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