Being a Homeowner is a great investment for Retirement. I am not optimistic about Social Security when it is my turn, so I have to be ready and I tell my clients and friends to have a property. If you are in your 30s/40s, by the time you pay off your Mortgage loan you should be at that retirement age, wouldn't it be nice to have your home paid off by then?
Hector R. Gastelum
Realty Executives Dillon
To the North one of the largest Military bases in the World. To the East, one of the biggest deserts. to the West? The wide open Blue Pacific with some to the best surf and most comfortable waters in the World. To the South a foreign Country with borders and bandits.
Bottom line? If you can buy into the SD RE market don't let the California surf pull the sand out from under your feet.
As far as rents...all my investors have seen rents increase 5-10% during the last 18 months...so I am not su
re where these stats are derived from? last
What I am seeing in North County Inland is that rents are stable, or for those who have not made any changes in a while, they are able to up their monthly rental rates. As a general rule of thumb (of course, it depends on the location, condition of the unit, et.al), rentals are getting a solid 1.3-1.4 of the square footage. As for single family homes, wow!! Prices are clearly up with multiple offers, many well above already higher listed prices. It is funny to see human psychology and the herd mentality at play once again. As the saying goes, the "trend is your friend." Unfortunately, any time something is extreme, whether it be a substantial rise or decline in prices, I don't believe it is necessarily the best thing for the market. It will be interesting to see how this all unfolds.
Chad Basinger, REALTORÂ®, CPA, CFPÂ®