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Buy! Buy! Bye!

By
Real Estate Agent with Florida Homes Realty & Mortgage

Jacksonville Real Estate?? Buy now before the opportunity is GONE!! 

Experts Say Now is the Time to Buy
Many investment experts advise it's time to buy. With prices falling, it is a once-in-a-generation chance to load up on property, they say.

How much of an investment portfolio should be devoted to real estate? David Swensen, who manages Yale University's endowment, says 20 percent is a smart number.

One possibility is real estate investment trusts (REITs), which, despite the fact that they are slashing dividends to conserve cash, are still paying average yields of 7.3 percent. That's double the yield on Treasurys.

Should a home be part of the equation? Michael Kirby, founder of Green Street Advisors, says no.

"You should own a house to provide shelter," says Kirby. "In a way, it's not an investment, and it's not part of your investment portfolio. It's really just a living expense. By owning a house you are prepaying rent."

Source: Forbes (08/03/2009)

Florida Real Estate Sales

Mike and Cindy Jones
The Jones Group
Real Estate Sales and Marketing
Jacksonville, Orange Park, St Augustine
(904) 874-0423

Comments (2)

Eric Villaverde
DoubleTree Home Inspection Services L.L.C. - Phoenix, AZ

Thanks for the local information this morning. I love reading about local markets from around the country.

Jul 23, 2009 12:44 AM
Katiejo Franks
Real Estate and Beyond, LLC - Scottsdale, AZ

Thanks for sharing your local information with us today. I really do enjoy them.

Jul 23, 2009 12:58 AM