15 Dec 2010

Owning A Home in San Diego Is Still A Good Investment!

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Some people have been asking me, "why does homeownership in San Diego still make sense?"

I ask them to just imagine strong communities and individual wealth they are building through owning real estate. Then I give them the facts:

  • You are building equity and adding to your assets.
  • Interest on a home mortgage, as well as the property taxes you pay, are tax deductible.
  • Buying a house with a fixed-rate loan means you know what your mortgage payment will be in the future.
  • In the past 40 years, real estate has delivered the most consistent positive return over any investment.

 

 Nine out of 10 consumers consider home ownership to be a sound financial decision. More than 80% of all Americans over the age of 55 own a home.

 

 Purchasing a home is a great way to invest your money. You may invest $20,000 down on a new home and wonder how well that money would do in the stock market. When you buy a home, you will realize appreciation on the entire $200,000 value of the home, not just on the $20,000 you put down. In 12 years, your home could be worth $280,000 ... and you only invested $20,000 in cash for an $80,000 gain.

 

In the past 40 years, real estate has delivered the most consistent positive return over any investment, according to the National Association of REALTORS®.

Some people may think the housing market is down. Imagine where it will be 20 or 30 years from now! To talk about whether a home in the San Diego area is the right investment for you call Heller the Home Seller at 760-632-8408.