The bottom line is this:  The American Dream of building a nest egg by owning a home isn't a fantasy.  Whether boom or bust, homeowners have been getting rich off their real estate for years, and they will continue to do so going forward.  As I write this, there are a record of over 70 million homeowners in the United States - more than 69% of American families, according to goverment stats.  And it's not just the wealthy people who are buying homes.  More people under the age of 25 are buying homes than ever before!

If owning a home is working so well, what's not working you ask?  The first answer is Renting.  I apologize up front if you're a renter, because I know this may be a little on the tough love side, but you have to hear it if your're going to change...

If you want to be rich, dont rent.  You simply cannot get rich renting.  It's time to stop.  Don't get me wrong, renters are NOT bad people.  In fact, I hope by reading this that you will take the plunge, build wealth over time and someday own some homes or condos that you can rent to other people! How's that?  Sounds good to me. 

I say all of this because I look at our Florida market.  I would suggest that the average rent for an annual tenant is $1000/month.  With all of the Foreclosures/Short Sales on the market right now, properties that were bought for close to $300k+ two years ago, are now on the market in the low $100's.  A mortgage on $100,000 (30 year fixed) yeilds a mortgage payment of around $650/month (at todays interest rates).  Take advantage now!  Even after introducing Taxes and Insurance to that payment and you are still under $1000/month!  

If you can find a way, start owning today.  Homeowners Get Rich And Renters Stay Poor. 

Now is the time to buy in Naples, Florida!

The Grant Team of Naples

http://www.naplessunandsand.com/

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