The Basis of Wealth
Date: Tuesday July 14, 2009Posted in: real estate, wealth, homeownership, investment property
I bet you’ve heard the saying, “Buy low, sell high.” Well, this is a “buy low” kind of real estate market we are in and now is the time to take advantage of it. I am working with a few clients looking in the $200,000 to $300,000 range and they are thrilled to have the opportunity to purchase in this “buy low” real estate market.
An interesting quote from President Theodore Roosevelt: 
“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
What was true at the beginning of the last century is still true today.
1 Comment
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Very nice, I like the quote and bringing in the past. It is a good thing to help people with entry level purchases, especially when it seemed for a very long time like that wasn’t going to be possible. Silver lining is how the market opened up for a lot of people who couldn’t gain entry before.
Comment by Harriet Pecot on July 16th, 2009 @ 8:58 am