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"Is purchasing a house really a good investment?"

By Robert Vegas Bob Swetz

Industry Observer

September 29, 2009 06:13 PM

"Is purchasing a house really a good investment?"

I have written several posts about this subject before and being a licensed Real Estate agent I should always answer this question with a (Yes)!

Of course with the market the way it is right now there may be people out there that would answer this question with a (No)!

Through my life I have purchased Homes, Acreage (raw land), empty lake lots, commercial properties and businesses. And I would have to say out of all of them purchasing a home is at the bottom of the list.

Unless you are flipping homes, purchasing fixer uppers, etc.

I have made more money purchasing acreage (raw land), empty lake lots and purchasing businesses then purchasing a home.

Will voicing my opinion on this post keep future clients from contacting me?

No because I sell commercial property, raw land & businesses and (homes)!

So if you would really like my honest opinion on investing your money, there it is!

If you would like more information on investing your money please feel free to contact me any time, I may just have some information that might interest you!

Post & Pic by Robert Swetz 9-29-2009

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Charles Perkins

Charles G. Perkins, CPA - Burien, WA

Robert

Thanks for your insight. There probably are better investments than homes, but I have proven over and over that investing in homes is not a bad thing.

I often look at potential when I purchase a property. Currently I am renting one home on a large lot that I can easily subdivide. I will probably sell the one lot with the house and build a new house on the new lot.

I would love to hear more about your thoughts on raw land and business purchases.

Sep 29, 2009 06:34 PM

David Zablatsky

Avant Realty Group - Needham, MA

Real Estate - Needham, MA

I agree with what you have to say but investing in a home is not a bad thing and probably better than most other investments out there in the long run!

-David

Sep 29, 2009 06:57 PM

Lenn Harley

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

Real Estate Broker - Virginia & Maryland

I do not discuss the investment potential of buying a home with a prospective HOME buyer.

I do discuss the potential resale value of real estate acquisitions with investment buyers.

Big difference.

Sep 29, 2009 10:33 PM

Caren Wallace

Premier Property Group LLC - Tualatin, OR

Portland Caren Real Estate

Robert-If I were looking for investments in LV I would certainly call on you!

I agree with Lenn, resale value is important, but homeowners are looking for a home not an investment first! The potential investment is secondary.

Sep 29, 2009 11:56 PM

Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

VB, I see your point, although I also believe it is a wonderful time to buy a home...it all depends on each buyers expetations

Sep 30, 2009 12:49 AM

Susie Blackmon

Ocala, FL

Ocala, Horses, Western Wear, Horse Farms, Marketing

I'm not touching this one as I tend to think a bit differently. ;-) Not to mention that I'd rather live in an Airstream...

Sep 30, 2009 02:55 AM

Lisa Matykiewicz

United Brokers Group - Gilbert, AZ

I agree that you may be able to make more on other real estate transactions. However, home ownership for many is about a "place to raise their family". In this case, I believe now is a great time to buy.

Sep 30, 2009 03:11 AM

Wallace S. Gibson, CPM

Gibson Management Group, Ltd. - Charlottesville, VA

LandlordWhisperer

Investing in SFRs in areas with GOOD SCHOOLS, GOOD EMPLOYMENT and GOOD CASH FLOW is a good idea.

I am getting client calls from owners looking to purchase for their grand childrens' education costs.....buy NEW, hold for 18 years, sell when gkid starts college!!!

Sep 30, 2009 04:23 AM

Tom Braatz Waukesha County Real Estate 262-377-1459

Coldwell Banker - Oconomowoc, WI

Waukesha County Realtor Real Estate agent. SOLD!

Bob

It's like Mark Twain used to say "Buy land; they don't make it anymore."

Sep 30, 2009 12:22 PM

1~Judi Barrett

Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK

BS Ed, Integrity Real Estate Services -IDABEL OK

Robert,

If I was looking for investment property in Vegas, I would definitely call you!!

Sep 30, 2009 02:28 PM

Billie Hillier

http://702IsHome.com - North Las Vegas, NV

Savvy Home Realty Solutions

If I had money I would - - - VEGAS is HOT, and I am not talking about the weather!

Sep 30, 2009 04:13 PM

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Bob, Investing in real estate is the best think that many folks can do. After all, they are not making any more land...

Helping you live your American dream...

Sep 30, 2009 10:56 PM

Robert Vegas Bob Swetz

Las Vegas, NV

I would like to thank every one for their comments and your comments are very important to me. If for any reason you ask me a question in your comment and I do not come back with a reply to your comment please send me a email.

I write about so many different things and post so many photographs that I lose track. It's very important to me to interact with Activerain Members when they are commenting on my posts!

Once again thanks for your comments and "Have a wonderful day"

Oct 02, 2009 05:42 PM

"Is purchasing a house really a good investment?"

Comments(13)

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