Thursday, January 17, 2013

If you don’t own a home, buy one; if you own one home, buy another; and …

If you don’t own a home, buy one; if you own one home, buy another; and …
Multibillionaire hedge fund operator John Paulson says now is the time to invest, stating:
“If you don’t own a home, buy one; if you own one home, buy another; and if you own two homes, buy a third and lend your relatives the money to buy a home.  Your debt and interest payments get locked in at record lows, while the price of your home is still safe."
Paulson is not alone in his belief that now is a good time to buy. A recent study by several universities, found that today's "hurdle rate," or the point at which it's equally smart to rent or buy if your only criterion is to build wealth, also suggests that it is a better time to buy. In "Study Calls Today's Market Good Time to Buy," an article found in REALTOR® magazine, Robert Freedman, NAR's manager of multimedia communications, notes the following:
"The hurdle rate is the point of equilibrium between renting and buying where it’s a wash in terms of wealth building. If today’s hurdle rate is lower than the average past property appreciation rate for a particular market, then it makes sense to buy, because future property appreciation should be such that an individual will, on average, create more wealth through owning rather than renting. On the other hand, if today’s hurdle rate is higher than the average past property appreciation for a particular market, then this is a sign that ownership can be a drag on wealth creation."

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Check:
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  • How you canPay Less  when you buy from a Home Builder.

Friday, January 11, 2013

Laguna Beach Real Estate and Homes Over the Million $ Range - 01/2013

Laguna Beach Real Estate and Homes Over the Million $ Range - 01/2013  

The statistical information for the City of “Laguna Beach, California

for Single Family Residential (SFR) Detached homes is extracted using CRMLS on Jan. 2013.  It includes four sections:  “Active”  (Seller has accepted no offers at this time. This metric provides useful insight into the overall supply of properties);  “Backup Offers” (Seller has accepted an offer but is still soliciting more offers through the MLS);  “Pending Sales”(Buyer and seller have successfully negotiated a purchase contract and have opened escrow. The property is not on the market at this time. This metric is a direct measure of current sales activity and a leading indicator of market demand); and  “Summary” which reflects the information for all the previous mentioned sections combined.

 

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Check:
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·       My No Extra Charge  Short Sale Services”.
·       My  Special Saving  for Qualified Buyers of New Homes.


Thursday, January 10, 2013

Real Estate Gucci Style!

Real Estate Gucci Style!
Despite the ups and downs of Real Estate in recent years, even if we do not take into account the obvious benefits (other than financial) of property and home ownership, buying real estate might still be considered one of the best choices for investing your money. As an example we can look at the Patricia Gucci’s (grand daughter of Guccio Gucci, founder of the Italian fashion giant) estate in Mountain Center of the Riverside county in California. This compound that sits on about 23 Acres with views of Coachella Valley and Joshua Tree National Park was purchased, according to public records, for $950,000 in 1993 and now is valued and it is for sale for $9 Million dollars. I suppose, besides giving pleasure to the owner during these years, with about 1000% increase in value it has been a good return on her investment! What do you think?












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