Memories are short and life is long. Not long ago there was talk of "affordable housing" and this vision became reality for one of two reasons; lower prices (cheaper homes) or lower interest rates (cheaper money). Today, in September of 2010 would be home owners and investors find themselves in the unique convergence of historic lows in both price and interest rates. This buy opportunity has not existed for over five decades and it is further affected by the lowest amount of new home construction restricting supply even further. For the home owner we are seeing Napa County ownership costs falling below rental rates and for investors positive cash flows at purchase are not uncommon.
Once the economy begins to turn and money is made more available there will be a parade of buyers seeking to take advantage of this opportunity before it escapes their grasp.
There are a number of factors to consider in the purchase, management and disposing of the investment single family home. My first consultation is without charge and an email to me at cbnapa@napanet.net will assure you an invitation to my upcoming seminar "Opportunity Knocks; Investing for Your Future". Learn now how you can use 2010 market conditions to create 2015 security for you and your family. Let's talk soon, Charlie 707-258-2030
Tuesday, September 7, 2010
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