Like the real estate market can not get tougher on all of us survivors, but now with the government playing God to balance market corrections, we are in for the craziest times since I road “Mr. Toads Wild Ride” at Disneyland.
It only took 3 weeks to turn every-one’s life upside down. Clients and consumers are running for the hills and are not in any hurry to buy property. Why? The Market!
The market has everyone right now a little scared and folks are wondering if they will be employed come tomorrow.
So here is my 2 cents from the perspective of being just a small cog in a big machine.
- The housing market right now is seeing some of the best prices it has seen in the last 5-6 years. If you have a secure job and can afford to buy a home, I would still take advantage of this market.
- Long term interest rates are very attractive. The rates right now are fluctuating between 5.5%-6.5% depending on fees and costs. These rates make the long term payment affordable.
- A house is a tangible asset. This is not a stock or a piece of paper but rather a building that will appreciate over the long term.
- Real Estate offers tax deductions. The mortgage interest you pay can be tax deductible on your return.
Take advantage of all the benefits and turn off the Jim Cramer’s of the world. The market will correct itself.
As for my vacation it was nice to get a break from the crazy roller coaster ride called the housing market and all its implications.
I am just a survivor and am making the best out of this market as I can.
Gary Miljour is a licensed Loan Originator (NMLS ID: 207208) in the State of Arizona.
MyCityLender | NMLS ID: 161428 | ARIZONA MB-0910380 
Yes, this seems a great time to buy. I also read Warren Buffett talking about how this is a great time to buy into the stock market for certain stocks. He is probably posturing a little bit but it’s similar to the real estate market in that it’s probably a great time to buy if you find the right home for your needs.