Five Star Real Estate’s Blog

Time magazine had a great article in the Feb. 25, issue.  The  title of the article was Ignore the Headlines!  A variety of people are quoted in the article written by Dan Kadlec.  Peter Lynch and John D Rockefeller, the kind of guys that understand something about both making and managing money are both quoted.  Rockefeller famously said “The way to make money is to buy when blood is running in the streets.”  The article goes on and Lynch indicates that now is the time to buy a home.  Kadlec concludes his article as follows, “Risks almost always seem most acute when the headlines give you ulcers.  But that’s exactly when you should think long term - and get off your thumbs.”  it as an article worth reading, because it runs counter to all the negative media and it is spot on.  Now  is the time for investors to jump in and get a great deal on a prime piece af real estate.  Our two most recent sales in the last 10 days were bank controlled properties.  The buyers in both instances got bargains.  It’s a great time to buy! 

The real upshot of this article is buy now while rates are down because once the rates begin to rise the concurent rise in the house payment will offset any additional savings you might realize waiting for the property to further decline in cost.

Jeff Blahnik