David Saks: How Would You Invest In Today's Market ?

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

How Would You Invest In Today's Market ?

 Hepplewhite Side Cabinet                                                                                                        

                          hepplewhie side cabinet

When the federal funds rate started to drop, and struck new lows in 2003, we were well into a strong and healthy stock market recovery. The federal funds rate stayed around 1% long enough to set off a boom in low-cost mortgages and in home prices. Home buyers soon discovered that their ordinary paychecks could now buy fabulous homes. People with cash in savings learned their money earned next to nothing.

Interest rates on home mortgages dropped so fast that the National Association of Realtors' housing affordability index showed that almost anyone could buy a house somewhere in America, because borrowed money was practically free. It's no wonder that home prices soared. According to the Office of Federal Housing Enterprise Oversight, the national index of home values rose 46.9% in the five years ending Sept. 30, 2007. That's was a staggering annualized appreciation rate of 8% -- enough to make us all think owning a home was way better than the stock market or just about anything else you could roll the dice on. Some investors thought that they wouldn't have to actually work for a living anymore.

It's all changed now. Where would you trust your money in today's economy? Metals, precious gems, baseball cards, beanie babies, Hepplewhite, antique cars, comic books, real estate, stamp collecting,...?




David Saks



Time&Temp Memphis

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Comment balloon 6 commentsDavid Saks • March 30 2008 10:09AM

Comments

David. In our office, we have changed on other things besides real estate. We still look for bargains to invest in. But, I have found that recently the thing that is moving is commondities. We are buying and selling gold, REO'S, diamonds. It is a fast paced market, but gives a payday alot faster than real estate. We have done very well in the last three months. Thanks for the post, Royal..
Posted by Royal Goodman, "We Treat You Like a King" (Royalty Home Solutions) over 11 years ago

David,

You are making me think way too early on a Sunday morning! And laugh too! Beanie Babies served as a lesson to all about the precarious nature of investing, although I realize the reference was tongue-in-cheek to see if anyone was really reading all of the text!

I have heard some suggesting foreign currency, not my cup of tea. Antiques, unlike coins or stamps, have that wonderful quality of function, not to mention the aesthetic allure of the piece. I prefer the simple styling of Duncan Phyfe, also the affordability.

For now though, I'll sit .. and wait ... and see what happens!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) over 11 years ago
I would say at the very least everyone should invest in there mind.  It opens up the possibility of new ideas that can gerenate income.  It helps give wisdom to wise investments. 
Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) over 11 years ago
I'd put it into real estate.  Buy low, sell high...and at a low interest rate...with tax benefits.  Yeah, that's my vote.  Then let someone else's money pay the monthly payment, or at least most of it.
Posted by Tony Fantis, Realtor,Principal Broker - Salt Lake City (Fantis Group Real Estate) over 11 years ago

I still invest in real estate. It's a great market to buy.

Sandy

Posted by Sandy Nelson, your Olympia area Realtor (Riley Jackson Real Estate Inc.) over 11 years ago
I agree with Sandy and Tony - Real estate has historically been the best investment you can make, and it's a buyer's market.
Posted by Jonelle Simons (Windermere Real Estate) over 11 years ago

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