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Today's Cheat Sheet is brought to you by Web Success Agency:
Most affordable homes are posting the biggest gains nationally & locally:
Bottom Line: In the most recent local real-estate info we saw year over year price increases of 16% for single family homes and 46% for condos/townhomes. We’re seeing a smaller but similar trend nationally.
Nationally the average lower prices properties have risen by just over 10% compared to 7.6% for the luxury counterparts. So what’s at play and what are the takeaways?
Let’s take a closer look at the investors of affordable properties. There are two types:
Here are a couple of takeaways / considerations for us to consider:
I’ll pick up on the third point. Often when buying multiple properties we’re inclined to buy them close together and close to home. There may be good reasons for that thought process (we understand the area and risk factors, we have more personal control day to day, we understand the value of the property and rental market better than unknown areas, etc.). If you’re buying for income needs over the longer term however it’s at least as important to diversify your holdings in real-estate as it is in equities. Consider the following:
Those are just for starters. Building a real-state portfolio for income can be a good strategy – but be wise when constructing it.
Just how important Federal policy is to your financial success:
Bottom Line: I think it’s safe to say that most Americans don’t truly understand the role that Federal policy has on their pocketbook. Further – I don’t think most Americans realize that the conditions set by our Government dramatically affect our ability to achieve success financially.
Whatever one’s vision of the American dream is these days; it likely includes a need to obtain financial success. WealthInsight (a financial research firm) released information yesterday that articulates just how impactful the fiscal cliff issue is to prosperity in this country. Here are a few key take-aways
Hopefully that illustrates the impact of our irresponsible Federal Government. The failed policies of the Federal Government are the biggest impediment to the American Dream and biggest wealth destroyers in world. It serves as a reminder that the United States of American didn’t become the most prosperous country in the world because of its Federal Government. It was because of the economic freedom we were provided by a less oppressive Government.
Can you imagine 27% unemployment?:
Bottom Lines: 4.5 Years ago no one is