I am taking the title from the movie that either had a very bad ending or was planning to use the title but didn't really get the story.
In the end everyone dies a tragic death so having a name with perfect in it seems a tad out of touch. Therefore, I intend to write something that correctly uses the word perfect so we don't waste a great title. The storm I am talking about is in real estate in these United States. What I am going to attempt is to show you why now is the perfect time to buy real estate because of the inherent demand and because of the low cost of financing.
Once you see what is happening perhaps you will take this opportunity to heart and begin setting up a real estate (properties) portfolio that can appreciate dramatically in the years to come.
What are the factors that make up this unique scenario? There are many but allow me to highlight the main ones: demand from net population growth, reduced cost of acquisition (low prices) , foreign investors prompted by the weak dollar, banks willing to move property at low prices they own through foreclosure activity, the coming reality for borrowers holding option arms that the teaser rates are either over or will be shortly which will diminish their equity and raise their payments forcing them to look at the alternative of selling at lower prices and finally the lack of competition from other buyers in the market. Add to this are the extremely low interest rates on mortgages, the dramatic downturn of the stock market driving many investors to seek alternative investments, real estate, and the up coming inflationary period which will force real estate prices higher. You now have every reason in the world to become a real estate investor or buyer of your first home.
Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.
Get the Market Movements in Advance: William's Edge Webinar for Monday, March 17th, 2014 | John Ransom
Taxi Publication Threatens To Expose ‘Secretly Gay’ Aldermen If City Doesn’t Ban Ride-Sharing | Nick Sorrentino