How Do I Know Now Is The Time To Purchase an Investment

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781
https://activerain.com/droplet/mZm

I know everyone states now is the time to purchase an investment, but how do I know "they" are correct?  Rents have been increasing steadily since January of 2010 and have gone up another 1.7% in May in Orange County, CA.

The Orange County Register had an article Rents Head Higher showing we are increasing at a 2.2 percent per year rate.  We are at the highest rate of increase since 3rd quarter of 2008. 

Iti is simple as to why this is going on in this market.  Higher demand (more than usual number of renters).  With a large portion of individuals and families who have lost their homes and/or have been through short sales and foreclosures most do not qualify to purchase again.  The number of people that would be first time buyers are to afraid to enter the market in fear of purchasing today and tomorrow the home goes down in price. 

Now the choices are not there.  The number of properties to rent are in short supply.  To many renters and to few properties to rent. 

The Orange County register stated that Landlords position will continue to improve for numerous economic reasons.  This condition will remain for some time to come.

The continued economic crisis will cause more and more people to consider and even force some into a rental situation.  It is a time to purchase and give a home to those who are stuck and cannot afford to purchase a home.

That is: Why I declare now is the time tp purchase an investment property, condo, home, duplex, triplex whatever you can do.  It will help those who have been burned in the mortgage meltdown.

 

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Topic:
Home Buying
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California Orange County Mission Viejo
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Rainmaker
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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Ok Tim I agree but there are just a few people willing to get into something.

Jul 17, 2011 07:08 PM #1
Rainmaker
1,022,703
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

The only thing that stops them is fear.  They might if they knew what the positives are in investing.

Jul 17, 2011 07:33 PM #2
Rainmaker
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Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

Warren Buffet says: "be fearful when everyone is greedy and be greedy when everyone is fearful"  Investors are being greedy buying up homes that others don't want and are holding on for a few years...waiting for the market to turn and then sell them to those who are afraid to buy now....for those who wait...they may miss the boat and never buy...and that is just too bad for them...Investors love it when there is fear...they know how to profit from fear!

Jul 17, 2011 08:09 PM #3
Rainmaker
1,022,703
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Aida

Warren is so correct on (as we know) in how to make money.

Jul 18, 2011 02:48 AM #4
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Rainmaker
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Tim Lorenz

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