Real Estate Investing In California Today
Why California you ask? Why now? California is used to with this
recent state of recession. We have suffered through our fair share
of real estate booms. It seems we follow a 10 year cycle and every
10 years we encounter foreclosures through the roof. Before our
current real estate situation, investors were purchasing homes in
high-class neighborhoods in hopes to sell and make a large profit
upon completion of the construction. However, those sales were never
made because nobody came to buy. Now all these houses lie empty.
If you are thinking about retiring some day to California, you
should earnestly consider real estate investing in California today.
You can purchase a piece of property or a home that can be used as a
vacation property until it is time for you to retire. As you will
need a place to live in California when you retire, now is the
perfect time to buy property.
Next to California, Florida is second in the nation in foreclosures.
This means that you have alternatives of what you want in this sunny
state when it comes to real estate investing. You can find
condominiums as well as single family homes for a fraction of what
they were listed at a few years ago. If you find a foreclosure, you
can expect to knock off at least 5-10 percent off of the listed
price. There are simply way too many more sellers than buyers in
California, which makes it a great opportunity for anyone with money
to invest in real estate.
Another reason to invest in California real estate today is the low
mortgage interest rates. The mortgage rates are reducing more than
they have been in 40 years. The Federal Reserve has dropped them
repeatedly over the past several months in an effort to motivate the
economy. Expect them to stay the same for the next few months, at
least until after the election process.
Whether you are looking for beachfront property or property inland,
you can find it in California. California is a really sunny and
suitable state for retirement, but is very costly in which to live.
If you are looking for retirement property, Florida may be a better
If you purchase your California real estate investment today, you
can not only be assured of a place in which to retire when you're
done with your job, but also of a vacation home. You can actually
use your investment to save you money when you vacation in sunny
California. You can also rent out the property to friends and
relatives so that they have a place to stay when they decide to
visit this state.
Real estate investing in California today is the best move you will
ever make if you are planning on retiring there. Take advantage of
the low interest rates and great property deals in California today.
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