The Pitch – Is purchasing a home still a good investment.

June 2, 2009 – 10:15 am – No Comment

Do you think purchasing a home is still a good, solid investment?

Question:

Home prices have been hitting new lows all year and people are losing their shirts in real estate. With sub prime lending, maybe, behind us, do you think that going back into home buying is a good investment?

Answer:

Sure. Once this recession is over, homes will once again be a safe investment. Historically, homes have always been a good investment.

Right now the market is low and it is a buyers market. If you were looking into getting into the real estate market, now is the time to do it. Some markets are down far less than others and it would be a good time to get into any of the markets that have experienced a lot of decline like Phoenix, Arizona.

If I had the money to get into real estate right now, would I? Probably, but I am not really willing to be tied down to one place right now.

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