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A Home Is An Investment No Matter What Some Say

By
Services for Real Estate Pros with The Real Estate Investment Institute 1retiredsage

Several times today I saw REALTORS® writing that a Home is not an investment. This kind of statement denies of civilized mankind's history!

A Home is an investment! The only major investment most people will ever make. Like any investment there is risk involved. But, despite recent history a Home is probably your safest investment, because it comes with a tenant that normally has your best interest at heart.

The confusion may result from the fact that, if you can afford it, Homes should be selected with the heart. If you can't afford your dream home then almost everyone can still have a Home of their own by buying it like any other investment, using your head.

No matter what the market does if you make all your payments you will someday own the property free and clear. While you're making those payments you get to live in your

Home, probably for less, often allot less than rent on a comparable property. Probably for less than rent on a substantially lessor property. Unless you the home owner do something very foolish your Home payments will only go above your original agreement by the increase in local taxes and insurance. Rentals on the other hand, are seldom stable. It's extremely rare that rents go down. Renters never accrue equity no matter what!

All most no one loses on a Home investment in the long term, it's only those who want to make short term changes, the real estate equivalent of "day traders" that risk loss.

If you find this short and simple, I agree! The virtues of Home ownership are so obvious they defy long explanations. Only those with sinister intentions can speak against long term Home ownership.

Bill

William J Archambault Jr

The Real Estate Investment Institute

Posted by

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org      Cell 832-259-7078,      Houston 832-582-8415,       Las vegas 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.orghttp://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr   ©The Real Estate Investment Institute   ©REII

Comments(7)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Are you ready to accept the "investment advice" of the average real estate agent?? 

 

 

Dec 08, 2008 01:46 PM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Lenn,

I deal only with extraordinary!

I welcome your advice, I don't promise to accept it, but I will learn from it!

Bring it on.

Bill

 

Dec 08, 2008 01:52 PM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Any advice Bill or Lenn have to disperse is something more than worthy to listen too!

Dec 08, 2008 10:13 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Rents here in the valley didn't shoot up during the good ole days and certainly haven't gone down since the decline.  Right now one can own for less than renting - and in some cases WAY less than renting - if they play their cards right.

Dec 08, 2008 11:55 PM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Lenn,

I misinterpret your comment. I read your blog, when I said bring it on, I meant a short comment, O'well I responded with my own.

I don't think we're very far apart except for redefining words, and that's not all bad.

Bill

Dec 09, 2008 02:52 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Jason,

Enjoy the show.

Bill

Dec 09, 2008 02:53 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Renee,

I know that valley.

One of my students has taken their $1,350 rentals to $1,500.00 and $1,600.00 with out any problems filling them, last month.

Your note proves my point, thank you!

Bill

Dec 09, 2008 02:56 AM