Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts

Tuesday, January 6, 2009

Investing In Real Estate For You and Your Children's Future

Over the holidays I spent a lot of time with family, especially the grandchildren who range in age from 7 to 26. Dinner conversations were lively & boisterous.

The topics centered around academics, sports & scholarships. Academics were a given because everyone was expected to do well & be on a honor roll or Deans List. Homework was not complained about except by the parents, who insisted there was just to much. Sports were a never ending discussion. The pressure to be the best was really amazing. Is this peer pressure or parent expectations for financial benefit?

The daily schedules the kids & parents have to manipulate are more challenging then any wedding planner would have to endure. Not mentioned yet are the community volunteerism projects needed to round out a good school application.

As the cost of education rises along with cost of living, scholarships become increasingly important. Lowering the stress levels of all involved -
needs to be considered.

Here is one suggestion, that if started early enough, could alleviate some of the pressures parents & children face.

If parents or grandparents bought an investment home when the child and/or grandchildren were young, and sold when the time for college arrived, the appreciation of the investment could be substantial.

The pros are: mortgage interest rates are the lowest ever in many, many years; the inventory of homes available to choose from is very high; sellers are willing to negotiate because of credit debt and poor decisions made in an unstable economy.

The only con I can think of could be - if you purchased the largest & most expensive home in the neighborhood. Your protection would be a a good Realtor, who can give you supportive info and opinions of the neighborhood with a CMA (Comparative Market Analysis).

Today....is a good day to start investing.