Some People Are Scared, other People Get Rich.
In the current market it is not a surprise to find people being scarde of the property market.
But I wonder how many people know that real estate doubles in value every 10 years. Does not matter in what market you buy it, it doubles every 10 years.
If you buy property now, you are building your wealth for the future, so don’t be afraid, find a way. If most of us got rid of our credit cards and short term debt,we’d be able to buy real estate and build wealth, but people are trapped by the “I want that lifestyle know” mentality. What will you do when you can’t affordthat lifestyle, or property anymore?
So I will stick to my guns and say: buy real estate now, it’s cheap, and it WILL make you rich, if you do your research.
Imagine you bought property when the interest rate was 25%, you’d be laughing at the current market because you would have had spectacular returns on your investment. So don’t make the same mistake twice, get into real estate and the next time the market is down, you will be the one smiling.
If you liked that post, then try these...
Trevor Manuel and 13 other ministers resign......what now? by doublef on September 23rd, 2008
Today was another historic day in South Africa.
Oobarometer launched by Nats on August 14th, 2008
Ooba (formerly MortgageSA) has launched a new product called the Oobarometer.
Consider property syndications very carefully. by Nats on October 3rd, 2008
Over the years many property syndications have come and gone,some amidst a flurry of controversy.
Home seizure a hoax. by Nats on August 13th, 2008
According to the North West Housing Department a hoax has caused great distress in the Klerksdorp area.
Construction sector doing well by Nats on August 13th, 2008
While we all know there is currently a construction boom due to 2010,according to some it could continue well beyond that.
I agree, buy property now, before everyone gets on the bandwagon. As soon as i-rates come down, people will wake-up. Yes property doubles on average every 7-10 years, but you can do even better when you buy from a motivated buyer for 15-30% below market value. They are available everywhere in todays market. Buy them all, I say!
Leave your response!