In this scary economy, Glenn Beck says to buy real estate or gold!

Real Estate Agent with Portland Creative Realtors 970400148

With the Fed printing $40,000,000,000 dollars every single month...with no backing, inflation is going to hit us.  There is no doubt about that!  You need to have solid assets that are real.  I was watching Glenn Beck a few nights ago and he stressed that we need to plan for the having tangible assets.  Interest rates are still at an all time low and will probably go even lower.....maybe down below 3%   And house prices are at an all time low. This winter they will probably drop again.  When inflation hits, housing will go up....rents will go up, mortgages, interest, house prices will all go up.  Those who have bought houses when houses and interest rates were low, will be able to keep their investments, and the investment will go up!  It is the best hedge against inflation. Not only do you get to live in your house and enjoy it, but your money will be in a safe place!  Housing prices in Portland Oregon have begun to go up, but they are still very low compared to what they were and what they will be in th future!   It is not the right time to buy! I remember in the 1980's when interest rates went up to 21%   Normal mortgage rates were always 9.5%  It is hard to remember those times, but they will be back!  Maybe that is why sellers are not putting their houses on the market in Portland. There are so many buyers out looking to buy a house, but not enough houses for them to buy!  If you want to find out more about the neighborhoods of Portland and where a good neighborhood to buy a house in, go to my website and look at the Portland Neighborhood Guide!  

Posted by

Helen Hoyt, Principal Broker of Portland Creative Realtors- a Family Company - creator of The Portland Neighborhood Guide 

Comments (5)

Frank Castaldini
Compass - San Francisco, CA
Realtor - Homes for Sale in San Francisco

Investing in real estate right now makes excellent sense.  I've heard that inflation was on it's way for several years now.  When the economy sinks as low as it had there's long road back and stimulus has saved the country from worse.

Sep 24, 2012 02:48 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!
I'm working with several investors. They seem to on board taking full advantage of the economy.
Sep 24, 2012 02:55 PM
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Wait a minute you mean to tell me there is a problem with printing money???

Oh wait of course if it were anyone BUT the Feds they would be incarcerated immediately Oh Well he promised change and we got change! Lets pray we get more change this Nov as this is OUT OF CONTROL!

Sep 24, 2012 02:57 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

Just like Warren Buffet, I'm not sure I'd use Glenn Beck's argument for buying real estate unless it is to hold for the longer term than buyers have been used to in the past......appreciation will not be as evident as in the past and mortgage buy-down may be the best appreciation factor.

Sep 24, 2012 04:47 PM
Helen Hoyt
Portland Creative Realtors - Portland, OR
Portland Neighborhood Guide-Free Neighborhood Tour

I understand what you mean, but if the FED is printing $40 billion per month,  inflation is going to be crazy.   Everything is going to go up and money won't have the same value.  Housing prices will go up, rents will go up, interest will go up. So if you own a house with 3% interest and you bought it at the bottom of the market and your payments are super low- you are fixed and set!  I really didn't think housing prices would go up....but now that they are printing so much money and have been.....and China isn't lending any more......inflation will be runaway.   So any money in the bank will lose value....but a tangible thing like a house, with a fixed payment, will hold.  And I'm not saying that just because I am a realtor wanting to sell houses.  I really believe it!Our company 

Sep 25, 2012 07:41 AM