“Enough with the doom and gloom about homeownership.” – WSJ 9/16/2010
The Wall Street Journal:
In an article last week, 10 Reasons To Buy a Home, Brett Arends reported:
Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough.
He then posted 10 reasons to buy a home today:
You can get a good deal.
Mortgages are cheap.
You can save on taxes.
It will be yours.
You’ll get a better home.
It offers some inflation protection.
It’s risk capital.
It’s forced savings.
There is a lot to choose from.
Sooner or later, the market will clear.
Honest Info to keep you informed :: REAL ESTATE MATTERS
Thursday, September 23, 2010
Wednesday, September 8, 2010
Don't give up on homeownership
I believe in real estate as a long term investment. Don't give up on homeownership as a way to build wealth. Warren Buffets famous quote, “When others are greedy, be fearful. When others are fearful, be greedy.”
Quoted from KCMblog:: "The minute you mention a home as an investment today the first thing you hear is – “Go ask what someone who bought in 2006 thinks.” We don’t have to ask. We know what their answer will be. However, any investment vehicle deals with market fluctuations.
A person who placed money in the Dow in 2007 and sold it in January 2009 would have lost 49.3%. Even if they sold today they would still be at a 25% loss. Does that mean that we should never again invest in stocks?
If someone bought gold at the end of 1987 and sold it in 2000 they would have lost approximately 50% of their investment. I am sure there were those in 2000 who decried gold as an investment when it dropped to almost $250 an ounce. I hope people didn’t listen as gold is now trading for over $1,200 an ounce.
Real estate was never touted as a great ‘short term’ investment. Let’s see how home values compare to other investments over a ten year time span – the last ten years. According to the Case Shiller Pricing Index real estate prices have appreciated 40.3% since their August 2000 report. During that same ten year time period, the Dow Jones Average lost 7.04%.
Obviously, as a longer term investment, it beats the stock market."
Quoted from KCMblog:: "The minute you mention a home as an investment today the first thing you hear is – “Go ask what someone who bought in 2006 thinks.” We don’t have to ask. We know what their answer will be. However, any investment vehicle deals with market fluctuations.
A person who placed money in the Dow in 2007 and sold it in January 2009 would have lost 49.3%. Even if they sold today they would still be at a 25% loss. Does that mean that we should never again invest in stocks?
If someone bought gold at the end of 1987 and sold it in 2000 they would have lost approximately 50% of their investment. I am sure there were those in 2000 who decried gold as an investment when it dropped to almost $250 an ounce. I hope people didn’t listen as gold is now trading for over $1,200 an ounce.
Real estate was never touted as a great ‘short term’ investment. Let’s see how home values compare to other investments over a ten year time span – the last ten years. According to the Case Shiller Pricing Index real estate prices have appreciated 40.3% since their August 2000 report. During that same ten year time period, the Dow Jones Average lost 7.04%.
Obviously, as a longer term investment, it beats the stock market."
Tuesday, September 7, 2010
Support Families Impacted by the fire
My very deepest sympathy to Boulder County residences who have lost their homes. For those of us that want to help and are not sure how to get involved; a few suggestions:
+ To volunteer during the Fourmile Canyon wildfire situation, please call Volunteer Connection at 303-444-4904 or email services@volunteerconnection.net.Specific volunteer needs are still being assessed at this time, but a list of potential volunteers and their contact information is being compiled.
+ Boulder High is collecting food, clothing and school supplies for impacted students and for the Red Cross. Please bring to Boulder High Main Foyer.
+ Red Cross is asking for cash dontations at this time.
+ To volunteer during the Fourmile Canyon wildfire situation, please call Volunteer Connection at 303-444-4904 or email services@volunteerconnection.net.Specific volunteer needs are still being assessed at this time, but a list of potential volunteers and their contact information is being compiled.
+ Boulder High is collecting food, clothing and school supplies for impacted students and for the Red Cross. Please bring to Boulder High Main Foyer.
+ Red Cross is asking for cash dontations at this time.
Subscribe to:
Posts (Atom)