Would you take investment advice from a billionaire? According to Forbes magazine,
John Paulson is, "A multibillionaire hedge fund operator and the investment genius."
He is suggesting that if you can, you should buy a home.
He broke down the math of home-ownership as an investment:
1. "Today financing costs are extraordinarily low." The latest numbers from Freddie Mac
show us that you can still get a 30-year mortgage at historically low rates of under 4%.
2. "And if you put down, let's say, 10 percent and the house is up 5 percent," as many experts
predict, "then you would be up 50 percent on your investment." How many are seeing a 50%
return on a cash investment right now?
Paulson goes on to compare the long term financial benefits of owning versus renting:
3. "And you've locked in the cost over the next 30 years. And today the cost of owning is
somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you
buy a 30-year mortgage, the cost is fixed."
I know you've been looking... it's why you're on my email list. :) So, are you ready to make
the leap? The first step is to find out just home much home you can afford. Quite often,
a mortgage will actually cost you less than what you're paying in rent today. Want to find out
where you stand? Click here to ask for our free (NO OBLIGATION) home loan report.
After you do that, come back, and let's look at the new homes that have hit the market.
There were 16 new listings this week in Chatsworth. They range in price from
$349,000 -$2,799,000; size 864sf - 7729sf; age from 1950 - 2010.
Here are our featured listings this week...
19710 Vintage ST, Chatsworth 91311
MLS # SR16106465 - $579,900 - $649,000
Sellers will entertain & respond to all offers between $579,000 & $649,000. Welcome to
this charming single story home in Chatsworth located in a quiet cul-de-sac. This beautiful
2,237 sqft. home features 3 bedrooms, 2 full bath & is situated on a sprawling 11,055 sqft.
lot. Enter through the custom double doors & you're greeted by the bright & inviting living
room accented with a beautiful stone fireplace, gleaming hardwood floors & large sliders
that open to the rear yard. The formal dining room is perfect for family dinners & has direct
access to the kitchen allowing the ultimate convenience when entertaining. The kitchen
features granite counter tops, custom backsplash, beautiful glass cabinets doors & opens
to the breakfast area. The family room has tile floors, recessed lighting, ceiling fan,
computer/work space & bar. Make your way down the hall where you will find the master
suite with attached en-suite including a large jetted tub, separate shower & custom vanity
with granite counter tops. The 2 additional bedrooms share a centrally located bathroom.
Step out to the entertainers rear yard with covered patio which is tiled & has a ceiling fan
perfect for warm summer nights. Additional features include crown molding & 2 car garage.
10060 Rudnick AV, Chatsworth 91311
MLS # SR16100523 - $799,900
Gorgeous 5 bedroom Chatsworth pool home! Step through the private atrium with a
tranquil koi pond & waterfall to the french door entry. Stunning living room with vaulted,
beamed ceilings, cozy stone fireplace and a view to the immaculately landscaped back yard.
The living room opens to a formal dining room with vaulted, beamed ceilings, contemporary
lighting, and a bay window overlooking the back yard. Separate family room that opens to the
updated kitchen with stainless appliances, granite counters, walk in pantry, and a breakfast
nook. Three spacious bedrooms and a full bath on one side of the house, and the master
suite and 5th bedroom on the opposite side. The master suite includes a walk-in closet,
en suite bathroom with jetted tub and shower. The 5th bedroom also has an attached
bathroom and access to the remodeled garage. Garage features custom cabinets, flooring,
and plenty of attic storage. The back yard is a true show stopper, with a heated pool, above
ground spa, fire pit, mature fruit and shade trees, and an immaculate drought resistant garden.
Several garden paths invite you to explore this gem of a yard. Beautifully set up for entertaining
or just relaxing in the serene environment. Immaculate and move in ready!
Check out all the new listings this week in Chatsworth – HERE
I look forward to chatting with you soon,
Pinnacle Estate Properties
Cal BRE# 00923192