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Median
Home Price in Santa Clara County:
1970
= $60,000
1980
= $137,000
1990
= $226,000
2000
= $560,550
Let’s
face it. A lot of people have made a fortune on Bay Area Real Estate.
Interestingly, the average home-owner often doesn’t even think about
including additional Real Estate in their investment portfolio beyond
their own personal residence. Many of these same people did invest
heavily in the stock market during the late 1990’s, initially made
a lot of money, but then lost most or all of it.
Look
at the numbers above. What would your current net worth be today
if you bought an additional Real Estate Investment in 1990? How
about 1980?! If you or anyone you know picked up a couple of investment
properties back in 1970, they are likely millionaires today. They
are also likely receiving excellent rental income that can be quite
handy at retirement (a particular benefit for those concerned about
the likelihood of receiving social security.)
Even
Peter Lynch, the Fund Manager for the infamous “Fidelity Magellan
Mutual Fund”, in his bestselling book “One Up on Wall Street” recommends
that individuals invest in Real Estate long before they ever consider
investing in the Stock Market. What are the reasons this extremely
successful stockbroker recommend Real Estate investing? Whether
you currently own a home or not, ask William
DeHart, your Mortgage Advisor
For Life, about helping you benefit from this booming
investment sector.
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