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What could I mean by that, you ask? Well, as we all know, in late February, the stock market fell to its lowest value in twelve years. Investors have given back all the value they had gained in their stock portfolios in the last twelve years! So, if like me, you let it re-invest and had it all in untouchable SEP’s and 401’s, you have, in essence, earned nothing and in some cases have even cut into principal on your investments! Yes, I know – we are ALL sick!
Yet at the same time, houses in the middle Tennessee area have gained value. Even including the small amount of “give back on value ” that occurred locally in 2008, our houses have happily gained a 64% INCREASE in value since 1998- just 10 years!
This fascinating information comes from the Office of Federal Housing Enterprise Oversight. It shows that an investment of $201,211 in a home in Middle Tennessee in 1998 brought an average value of $329,065 in 2008!
The following considers a $100,000 home in Middle Tennessee in 1983 and how it appreciated in value over time:
1983 $100,000
1988 $140,283
1993 $148,363
1998 $201,211
2003 $243,894
2008 $329,065
Makes me wish I had ALL my investments in real estate!
The truth is, Real Estate is a great investment and now, with rates at historic lows, it is a great time to buy!
The Feds have just lifted their self-imposed limit of 4 investment properties per person, so now Investors have more options and opportunity! In addition, with the 2009 Homebuyers Tax Credit, there are even greater opportunities to benefit in this down market! Call me at (615) 790-7400 if you have any questions or ideas! I’d love to talk it over with you~
Posted By: 
Charlene Kimmel
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Filed Under: Charlene Kimmel |
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March 13th, 2009 at 07:21 AM Charlene, great post. I may have to link to you on my Shak & Jill post later today. Kind of keeps everything in perspective.