It went by so fast ! Now we get down to some serious Christmas shopping. Now is also a time to begin planning your strategy for the new year - 2009. Are you planning for a life change - marriage, divorce, a new baby, a new job, a new home - or maybe, just maybe you are planning your retirement. Planning for retirement should actually begin on day one of your first job. Unfortunately, we rarely realize this until later and then we must play catch up. There is no better way to play catch up than to invest in real estate - my favorite topic.
If you are nearing retirement and have a 401K, I am sure this has been a very stressful year for you. In some areas of the country I do realize that the real estate market is very difficult as well. But in our little corner of the world, here in Juniata, Mifflin, Snyder, and Perry Counties the real estate market is holding it's own. We are not actually in a declining market - we just are not seeing the appreciation that we would typically expect to see in our property values. This I can live with as I know it will recover.
If your real estate investments are in residential rentals and you do not anticipate selling, this actually is a good time (again - here in our corner of the world). When resale and new construction slows, generally rental rates hold steady or rise. It is demand and supply - those who cannot buy must rent, the more who rent the higher the rates, etc. Do you see why residential rentals are a great investment? When the market is strong you can sell and make money, when the market is weak you can rent and make money. The bottom line - m-a-k-e- m-o-n-e-y ! Call me if you want to know more. Thanks for listening ! gla
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