Buying a house now could be the best hedge against inflation …EVER!

Reblogger Paige Walker
Real Estate Agent with Paige Walker LA License #3866

ATTENTION CENTRAL LOUISIANA!!!  Check out this post from Richard Weisser in Georgia.

I have been saying it is a great time to buy a home with interest rates in the 4% range on a 30 yr fixed, now it seems as those most economists agree with me!

Now is the time!!

Paige Walker, Century 21 Millennium, Pineville, Louisiana

Original content by Richard Weisser

 

Buying a home in 2010 is a hedge against inflation.Most economists agree that recent rashes of government spending will ultimately lead to significant inflation. The constant infusion of cash that is intended as a short-term solution will eventually have a long-term effect on the value of a dollar.

One of the best hedges against this expected phenomenon is the purchase of a home during one of the best buyer’s markets in history. With low, low property prices and record low fixed interest rates, there has never been a better time to buy a home.

But if one takes into consideration the fact that a mortgage may be repaid with inflated dollars, the deal only gets better and better. By fixing housing expenses now in terms of the 2010 dollar of today, home buyers will be immune from contrary inflationary economic forces for as long as they own their property.

It’s a tremendous way to protect wealth and to meet your housing needs for decades to come.

 

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park.

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Rainer
15,701
Joe Feinhandler
First Priority Financial dba Best Equity - Coronado, CA
FHA, Jumbo, San Diego

Great post Page.  I'm not sure if you know of Peter Schiff (if not search "peter schiff was right" on youtube) but he says that if the dollar keeps going like it is, someone that takes out a 30 year mortgage today might be paying more for the stamp to send the last payment then the last payment.

Jul 26, 2010 11:15 AM #1
Rainmaker
137,563
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Paige, good choice for a reblog. Richard kept it simple and to the point.

Jul 26, 2010 04:44 PM #2
Rainmaker
542,887
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

crazy how low interest rates are Paige - it is a great time to buy a home!

sincerely,grace

Jul 26, 2010 05:00 PM #3
Rainmaker
207,455
Paige Walker
Paige Walker - Pineville, LA
Real Estate Guru - Alexandria Pineville LA

MK - Thanks it was a great post from Richard!

Grace - I know it is almost FREE money right!

Jul 27, 2010 11:39 AM #4
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Rainmaker
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Paige Walker

Real Estate Guru - Alexandria Pineville LA
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