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Home > Now is the Time to Buy in Lake Tahoe!

Now is the Time to Buy in Lake Tahoe!

October 16, 2010 by Linda Granger Leave a Comment

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It’s a great time to buy! There is a high number of Tahoe homes for sale, interest rates are at a historical low, and home prices are incredible.

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.”

Click here to read the entire article.

Click on the links to start moving towards purchasing your new home today!
Click here for current interest rates or to contact a Tahoe City mortgage broker.
Click on the link to start searching current Tahoe homes for sale. Contact Linda Granger or call (530)624-0008 for more details.

Filed Under: Uncategorized Tagged With: linda granger, now is the time to buy, tahoe city real estate, tahoe city realtor, tahoe homes, tahoe homes for sale, tahoe real estate, tahoe realtor, tahoe realty, time to buy

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