Why California you ask? Why now? California is familiar with this
present state of recession. We have suffered through our fair share of
real estate booms. It seems we follow a 10 year cycle and every 10 years
we encounter foreclosures through the roof. Before our current real
estate situation, investors were purchasing homes in high-class
neighborhoods in hopes to sell and make a large profit upon completion
of the construction. However, those sales were never made because nobody
came to buy. Now all these houses lie empty.
If you are thinking about retiring some day to California, you should
really consider real estate investing in California today. You can
purchase a piece of property or a home that can be used as a vacation
property pending your retirement. As you will need a place to live in
California when you retire, now is the perfect time to buy property.
Next to California, Florida is second in the nation in terms of
foreclosures. This means that you have alternatives of what you want in
this sunny state when it comes to real estate investing. You can find
condominiums as well as single family homes for a fraction of what they
were listed at a few years ago. If you find a foreclosure, you can
expect to knock off at least 5-10 percent off of the listed price. There
are simply way too many more sellers than buyers in California, which
makes it a great opportunity for anyone with money to invest in real
estate.
Another reason to invest in California real estate today is the low
mortgage interest rates. The mortgage rates are reducing more than they
have been in 40 years. The Federal Reserve has dropped them repeatedly
over the past several months in an effort to stimulate the economy.
Expect them to stay the same for the next few months, at least until
after the election process.
Whether you are looking for beachfront property or property inland, you
can find it in California. California is a really sunny and suitable
state for retirement, but is very pricey in which to live. If you are
looking for retirement property, Florida may be a better choice.
If you purchase your California real estate investment today, you can
not only be secured of a place in which to retire when you finally don't
have to work anymore, but also of a vacation home. You can actually use
your investment to save you money when you vacation in sunny California.
You can also rent out the property to friends and relatives so that they
have a place to stay when they decide to visit this state.
Real estate investing in California today is the best move you will ever
make if you are planning on retiring there. Take advantage of the low
interest rates and great property deals in California today.
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