Best Time to Buy Tahoe Real Estate
The KCM Crew recently put out an article entitled If HE Says It Is Time To Buy a Home, BUY A HOME! about multibillionaire John Paulson. The article states yet a few more reasons why it’s a such a great time to buy. Paulson has made a fortune in real estate and recently said “If you don’t own a home, buy one. If you own one home, buy another one. And if you own two homes, buy a third and lend your relatives the money to buy one.”
Best Time in 50 Years to Buy Homes in Tahoe
The Wall Street Journal agrees with Paulson saying, “Ignore the critics. The odds have to be on his side…It isn’t just that home prices have fallen a long way. It’s also that, if you can get a mortgage, you are basically taking a reverse bet on the bond market. You could be a long-term borrower at fixed rates, instead of a long-term lender. Right now you can borrow for 30 years at around 4.3%. After the mortgage tax deduction, for some people the net effective interest rate is nearer to 3%. That’s going to prove an awesome deal if we see inflation again.”
Forbes says, “As this is the best time in 50 years to buy homes, Paulson advised his listeners to take 30 year mortgages to buy a home as “your debt and interest payments get locked in at record lows, while the price of your home will rise.”
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