Long Island Home Buyers What Are You Waiting For?

Good morning Larry and Sheila. Real estate is the best investment for 99.9% of people. The remainder do better as renters for various reasons. Enjoy your day.

Good morning, Sheila and Larry... a question for the ages... and one I've asked myself more than once in talking with prospective buyers. (Oh... and blogged about, too!)

When you own your own home, so many things are possible - you might be able refinance in the future to bring rates down. If the real estate market is strong, your equity will build. You can make changes as you see fit, paint in colors you want, expand rooms, etc. With a sense of permanency, you will forge better relationships with neighbors, and on and on.

Larry and Sheila - from what I heard today the buyers today will have a long wait for a buyers market so best to buy now.

It seems like such a simple concept to build one's own wealth rather than a landlord's.

Waiting for the Peak to be reached.  But how long do you wait, and how much does it cost you?  Have a great Thursday, also known as Friday-Eve.  The weekend is in sight.  Thanks again for the Blog.  Bill Salvatore

Prospective home buyers are in very good hands when they seek your professional real estate advice and assistance.

Good morning Larry and Sheila,

Anyone who wants to buy or sell in the Long Island area, would do themselves a favor by calling you for representation.  A

Good afternoon, Larry and Sheila,  I was perusing past posts and came upon yours about homeownership which I agree with.  I have done a multitude of columns for my 130,000+ subscribers in 11 papers for  Stephen Blank's Blank Slate Media and Meg Norris's Litmor Publications throughout Long Island; as well as syndicated domestically and Internationally.  Looking back to almost 3 years ago, if some of those renters had just taken the plunge and bought some housing they would have been way ahead of the game in building their future wealth and became the landlord gaining all the appreciation, tax deductions, and be in that powerful position to decide when and if they wanted to move, instead of someone else making that decision.  As we know, homeownership has been the most valuable asset of the typical homeowner throughout the U.S.  Unfortunately, those who are uneducated due to their lack of financial education (which they can take responsibility for and blame only themselves) is one of the main reasons that renters wealth is so much lower than homeowners.  The multiplying effect and leverage of homeownership is a rare commodity.  There should be a mandatory curriculum in primary and secondary education as well as higher education to prepare more consumers for potential homeownership.