So there is an excess of coverage on the poor economy and this economic bailout bill.... There is a massive election coming up in which a candidate who wins will select some supreme court justices who stay much longer then the president. Amongst all this hoopla of stocks and elections there is still houses sitting on land. My point here is that real estate is tangible. It does not cease to exist if the news about it is really bad. It doesn't matter who is in office, you can still rent a property. When the government makes bad decisions your retirement savings in a home do not get cut in half like my wife's retirement account last week. Real Estate remains the best place for most people to store their money long term. By making higher payements on your monthly loan you can shorten your loan period. By using your home as a retirement account you can save incredible amounts of money by not paying the interest you would have paid on the lent money. By investing in something you control completely you can have piece of mind that corrupt politicians will not be putting thier interests before your investment.
One thing that has changed for the better is the buyers market this fall and winter. It is a great time for buyers to add to their real estate portfolio. A rental property will give you extensive amounts of tax breaks and be an incredible place to use as a savings account while tenants foot the bill.
Monday, October 13, 2008
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