My niece, Christie, realized this many years ago. She was renting in a home in southern California. She figured out that she paid over $70,000 in rent for the time she was in that home. Ouch. Double Ouch.
Had she bought the home instead of renting it, she would have paid down her mortgage and received tax benefits each year that she owned the home.
Are You Waiting of the Bottom of the Long Beach Real Estate Market?
Now, is the time to develop a plan to find a home, condo in Long Beach.
The media has painted a picture of a the housing market spiraling out of control with foreclosures every where. While, there are foreclosures, not everyone selling their Long Beach home is in foreclosure.
“The economy is still going strong, unemployment is very low, and interest rates are still low as well. If you wait until some magically time in the future when prices of homes go down so you buy then, how will you know when to buy?”
Now is an excellent time to buy and sell real estate in Long Beach and other beach cities in Southern California.
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