Archive for the ‘Investment’ Category
Everywhere we look, there’s real estate—parks, playgrounds, factories, freeways, farms, schools, libraries, churches, houses, high-rises, hotels, restaurants, refineries, theaters, sidewalks, and shopping centers.
You can explore other investment opportunities, you’ll be hard pressed to find another commodity that’s as permanent and profitable as real estate. Stocks can go bust and even in the best of times provide mostly paper profits, oil wells dry up or the price per barrel can plummet, metals rust, gold and silver values fluctuate, and diamonds, at today’s astronomical prices, are rarely in the comfort range of the average investor. Savings accounts, money market accounts, and certificates of deposit are safe, but after you pay taxes on the income they generate, they aren’t very lucrative. They can never provide the kind of return on investment or the tax deductions that property offers.
Real estate lasts forever and is worth more every Why? Because there’s only a finite amount of land- can’t manufacture any more of it. Our land growth zero; our population growth is not.
Whenever there are people, there are houses. This means that home wrecking is a profession that can be practiced almost anywhere in the world. you live in a small town, the pickings may be slimmer than in a major city or a bustling suburb, but there are always houses crying out for attention. Housing is likely to be more affordable in rural, residential communities where salaries and the cost of living are lower than in more densely populated areas.
Getting started may also be easier in a suburb or a small city. Basic trust still cements deals in small towns, and a loan officer at a local bank may be more reliant on his impression of you than on impersonal financial statements, and therefore easier to deal with.
On the other hand, your opportunities for real estate investment widen with the size of the city you live in. In addition to houses, there are condominiums and cooperative apartments available, and you will find a greater variety of architectural styles, sizes, locations, and prices. If you are moving to a new area, do some research about the real estate possibilities before you relocate.