Good morning everyone.
With all the recent talk about rising interest rates and inflation, and the high cost of renting, here is some assuring news about why real estate is a good investment.
An experienced real estate agent I worked with in the 80’s once told me that everyone once stood around the real estate office and said, ‘What’s this world coming to. Our kids will never be able to own a home. The average price of a small home in Scarborough had reached $29,000!”
Imagine if someone bought up 10 homes at that price back then! What would that person be worth today? How much wealth could have been generated by pulling equity from those houses and buying more real estate, and then pulling equity from those houses and investing in more real estate, etc. You know what I’m saying.
Keep me in mind for your finance needs, whether buying, switching or refinancing.
Thanks