The findings of the study
indicate that a typical
$100,000 house could be
worth as much as
$1,000,000 by the year 2041.
This is when the 30 year FHA
mortgage would be paid off
assuming that they purchased in
2011. “Owning real estate always
pays off in the long term” said Levinrad.
People have very short term memories
and ten or twenty years from now they will
Warning to All
Renters: Renting a
House Could Cost You
A Million Dollars
wish they had purchased a home. Making the
decision to buy a home versus continuing to rent will
result in a substantially better retirement” said Levinrad.
“In many cases this will be the only opportunity in their lifetime to purchase
South Florida Real Estate at an affordable price where the monthly payment could be the
same amount or even less than the equivalent rent. This market crash and foreclosure crisis has created a
unique situation where for the first time in many years housing is actually affordable. It is a great time to buy
real estate – especially for first time home buyers” said Levinrad.
Lex Levinrad
Lex Levinrad is a South Florida real estate investor that has
been wholesaling, buying, fixing and flipping homes for the past
10 years. He has written 7 books about investing in real estate,
and is a nationally renowned real estate speaker and coach.
Lex’s Website: http://www.lexlevinrad.com
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