Buy Long Term

July 14th, 2007 |

I’ve been warning investor for YEARS not to buy for short-term appreciation, and I’ve been right. You either get in and get out within a few months or you hold for the long haul.

While real estate values may go up and down in the SHORT term – three to five years - in the long run, towards your golden years of retirement, real estate values always tend to go up, isn’t that true? I’m sure you’ve heard the expression, “DOLLAR COST AVERAGING”… it means that you can buy at different times in the market and it all goes up, making you wealthy.

For those of you who are STILL skeptical, let me ask you all a question, and be honest… would you buy your parent’s house – the one you grew up in – for the price THEY paid for it right now? Duh! Here’s the thing… do you remember if when your parents bought their house it was an up or down market? Doesn’t really matter, does it?

If you buy NOW and think “long term”, especially at bargain prices and bargain interest rates, you will retire in the top 3% of wealthy Americans.