There is not a day that goes by that someone does not stop and ask me, "Is real estate still a good investment?" I love that question because it allows me to share the really good news about real estate. For those of you who study the economic history of our country, there are common ups and downs in the economy. The market changes and everyone must make a shift.
Historically however, owning land, homes and businesses in the United States has been an overall better investment than many have fared in the stock market. With real estate, especially in our area, this tangible asset has held its own. Of course we have seen prices take a dip but that is a simple market correction. What goes up will go down and also what goes down will come back up.
Real estate ownership has and always will be the American dream. We can never forget the importance of this fact. Now more than ever, I personally am very glad that my assets are in real estate. I am always drawn back to the scene in Gone With the Wind where Scarlett O'Hara is gripping the soil in her hands while her father tells her that owning land is everything.
Because home prices are lower right now, it is the perfect time to purchase. Consider buying a home to lease out. You can get some great deals out there, turn around and lease it and have instant mail box money. In fact, the statistics are very strong towards a leasing market! When the market is up again, you can considering selling the leased property at that time. The options are endless.
I believe that Texas is still the best kept secret! More and more people however, are figuring this out and our school enrollment that keeps increasing every year in Montgomery County is a huge indication of this. Owning property now I believe will be a great bet as the demand for housing continues to increase in Montgomery County.
I recently heard J.R. Moore, our county Tax Assessor speak. I was highly encouraged with the report that he had on Montgomery County. Folks, take a look at this report. You can find the report on the website for Montgomery County. I believe that you too will be as encouraged as I am.
So yes, Scarlett - now is a good time to consider investing in real estate! Don't wait around and think about it tomorrow - take action today!
Lake Conroe Real Estate
I totally agree Marion. I still think that real estate is a great investment and will continue to invest all I can. The stock market is so up and down you can't depend on it totally for all future investments.