Saturday, January 28, 2012

Don't believe me? Believe Warren Buffett.

I have followed the real estate market for most of my adult life, have bought and sold many of my own homes, owned rental property, and have sold many homes as a real estate professional. In my continuing quest to be educated about real estate and investing, I have read many books on real estate investing and investing in general. Here are two that I highly recommend:

What I have learned from my studies is that the best time to buy any investment is when it is at a cyclical low, the  prospects for appreciation high, and when there is an opportunity to buy at below current market value. Over the last two years, I have been advising everyone I know to buy real estate due to the fact that we have been at or near a cyclical low, there are many opportunities to buy below current market value, and the interest rates have been at historic lows. I can't stress this loudly or often enough; There will be tremendous wealth created in this market by those who are BOLD enough to invest heavily in real estate right now! Investors and first time home buyers are driving our market right now! They get it! There have been many articles suggesting the idea that now is the time to buy a first home, vacation home,  retirement home, or a move up home. If you won't listen to me, or any of the other voices encouraging everyone to buy now, will you listen to Warren Buffett?

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