Real Estate is Still a Good Investment – REALLY!!

By
Real Estate Agent with Marc It Sold!

I feel that real estate has & will always be a good investment.  Historically, this has pretty much always held to be true.  Granted, there are many out there & especially some who were trying to be investors and bought at the wrong time, to say the least, that might feel differently. 

I think for the majority of us, our real estate purchases have done very well for us.  Especially, in the past several years where we have seen so many either refinancing and cashing out or taking home-equity loans on their property.  But now that the market is changing we are hearing a lot of grumbling.  I think a lot of people are getting very scared. 

Too many have been relying on their property's wealth.  Take this for example, in Florida 16% of new car purchasing in 2006 was paid with home equity loans.  That is astounding.  Mind you, California was at 30% while the national average is 7%. 

Wages have not appeared to have kept pace with inflation.  With the increased wealth in our homes & relatively low interest rates, etc; people were making up for this shortfall by refinancing their homes & taking cash out.  Now with housing slowdown, taking equity out of your home is not as readily available. 

But, Real Estate will still remain to be a great investment in the long-term.  It that is what has to be remembered.  Yes, some have done great in the short term, but real estate has pretty much always been a long-term investment. 

Thank goodness we are in a great industry!

Until next time - Marc It Sold!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
housing market
central florida real estate
orlando real estate
orlando homes
orlando realtor
orlando homes for sale
central florida realtor

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
36,982
Richard Parr
ADT Security Services - Slidell, LA
Home Security Specialist - Greater New Orleans, Louisiana
Home equity to finance car purchases.  That's one way to go.  30% in California, amazing!!!
Apr 13, 2007 08:25 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
209,246

Marc Grossman

GRI, Greater Orlando Real Estate Broker
Ask me a question
*
*
*
*
Spam prevention

Additional Information