Should I Buy A House Now?

hope trump

The facts are real and you can see them everywhere:  If you want to have financial stability you must own property.

Donald Trump was the son of a real estate investor, so he didn’t start out poor but by investing in real estate he’s transformed himself into one of the world’s most well-known rich guys.

Bob Hope wasn’t just one of the funniest men in movies, he was a savvy real estate investor.  He wasn’t just wealthy, Forbes calls him “immensely wealthy.”

“As much as $500 million,” reported the St. Petersburg Times. “$400 million to $700 million,” declared The Dallas Morning News. Fox News Channel’s Terry Keenan said, “You can bet it is in the hundreds of millions, perhaps maybe $1 billion.”

But how about you?  How does the average person fit into this equation?

Last year I sold a house in Redwood City that was purchased by the family for $12,000.  About 40 years later it sells for over $800,000.

Want something more recent?  My parents purchased their home in Pacifica for $63,000.  Now – even in a down market – I’d say it’s worth 750,000.

More recent than that?  The very first house I sold was $312,000.  That was about 1999.  That house would likely sell for $550,000 today.

If you’d like to learn more, come to our free home buyer class.  It’s a new market with new rules – and you need to know them.

Did you know that in order to take advantage of the first-time buyer opportunity you don’t actually have to be a first-time buyer?

Did you know that the $8000 tax credit expires December 1st of this year?

Did you know that you must be pre-approved by a lender before you can write an offer on a house?  What’s the difference between a pre-qualification, pre-approval and and a lender pre-approval?

Learn what you need to know at our free class on August 18th in San Mateo.   Receive a free copy of David Bach’s The Automatic Millionaire Homeowner.

Vicki Moore About Vicki Moore

RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

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  1. [...] my example of the first house I ever sold, add the over $200,000 in equity you would lose over those ten years, that makes your loss [...]

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