We are learning that strip mining tactics when applied to old reliable Real Estate leaves behind devastation and destruction for all party players except the ones that know how to get in and out quickly using sophisticated investing schemes. That wild ride has come to a stop
BACK TO THE BASICS...THE OLD TRIED AND TRUE
It remains a sure thing, stable prudent sound investment for the long term hold. If you go 10-15 years or all the way to the finish line, you are guaranteed to own something that now does two things. First, it is a savings account unparalleled in nature. A nice chunk of change. Second, you now need less to live on monthly as the mortgage payment is nearly gone. Shelter has been paid for
SOCIAL SECURITY MAKES SENSE
Things like Social security payments start to make a little more sense because funds mostly would go for food and miscellaneous expenses...but no longer a huge chunk for shelter. The system now works. Quality of life and the freedom to live it for all Americans..
PRICING TODAY IS PRETTY CONSERVATIVE
Today, you cannot go wrong with purchasing anything for presented market value. Buy something either to live in it or to rent out. Consider buying something with someone else if you have too. Perhaps a rental property where you both occupy units and help pay the one mortgage.
INCOME PROPERTY INVESTING
There is a steady movement to purchase income producing properties by people who are making loads of money. It is the best place to invest in for now and for the future. Hollywood stars are buying city blocks in addition to downsizing their mansions for more practical digs. Investors are parking cash in commercial buildings too.
NEW PRODUCT SLEEKER
Locally, there are several large projects consisting of thousands of acres that if successfully renegotiated with the current sellers will be cleared for building. These homes will be smarter, smaller and fit the current buying trends. Here locally, new 3 car garages and single story homes will sell well.
CITIES ARE COOPERATING...THEY NEED MONEY TOO
Cities who are cash strapped will waive certain fees and reduce others making it more attractive for the developer to come out of hiding. Banks will move slower, but still move knowing that if they do not invest funds, there is no money being made for tomorrow. They just want to make sure that the government doest change the rules mid-way through their investment plans and the products conform
LAND ISN'T GOING ANYWHERE
Buying Real Estate and holding it works...You can make it do other tricks and get lucky...but not anymore. Buy, settle in, and concentrate on other things beside your future and having shelter. There is more to life than food , shelter and clothing...much more especially here in the good ole U S of A...
You may comment and for parts 1 & 2 visit my blog...thank you
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