The Invaluable Investor
There’s no speculation on how big this market is (over $300 billion).
By Anne Randolph, Publisher, LORE Magazine // Illustration by Jurgen Mantzke
What to do with the money you don’t want to put in the stock market? Invest in real estate. Right now is the perfect positive storm for investing:
· House prices are low
· Interest rates are still low
· Most homes for rental meet conforming guidelines for mortgages from Fannie MAE and Freddie MAC
· Rents are up in virtually every market
· More people are returning to renting or are limited to renting because they don’t have down payments or can’t afford to get a mortgage. While regularly 1 million people a year return to renting from homeownership due to things like death, divorce, job loss, health issues, etc., this year and for the next several years, that number will be closer to 3 million. Multi-family apartment development stopped when aggressive mortgage practices pulled apartment dwellers out of renting and put them in homes, so the availability of rentals is insufficient in many places for the demand.
More importantly, what financial planners don’t want you to know is that the returns can definitely be better in real estate.
For more information, go to….http://www.loremagazine.com/go/article_free.php?mp_id=315
Anne Randolph
Publisher
lore Magazine
Highlands Ranch , CO 80126-2681
303.470.7673 (Office)
303.470.7535 (Fax)
303.956.6900 ( Mobile
