More on Yesterday’s Times Article
by Osman Parvez
As a followup on yesterday’s post, here’s another real estate blogger’s interpretation of the NY times piece I blogged about yesterday.
I agree with her conclusions. In most parts of the country, even those areas that seem bubblicious, buying still makes sense if you are in the market for long term ownership. In contrast, if you are looking at a property primarily as an investment held over a short period, your returns may not live up to the returns of the past few years (particularly in bubble markets on either coast). Heck, flippers could (and will) lose money.
The vein running through these thoughts reminds me of a famous Warren Buffet saying. Asked about his holding period when choosing investments, Buffet quipped “Our favorite holding period is forever.” In my opinion, prudent real estate investors should follow the same philosophy.
—-
Like this analysis? Subscribe to our client research report.
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Welcome to House Einstein
Locations, Due Diligence, Negotiation
Testimonials
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
Share This Listing!
More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
Work with
House Einstein
Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
