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Job resignations are still up 23% above pre-pandemic levels. Many are in search of a new place to live and enjoy the life of working remotely. The layoff rate has been at or under 1% for the past year. The people are moving to where they want to live to find jobs. They are renting, they are buying they are investing. It’s a new era. Typically, the best time to buy a house is when there is a market that’s a good strong market—and yet, the same market is experiencing a recessionary dive. And it’s slow and dependent on the area. Yet people are still migrating whether this is the best time to buy a house or not. Economists say it’s for better wages, benefits, and even autonomy. Psychologists say quitting is catchy. It’s a desire that has been expressing itself emboldened by the sheer number of people choosing blanched lives over a paycheck.
With this job resignation rising, combined with the great migration, the decision-making factor that has risen to the top is areas where the quality of livability is high. “Is it the best time to buy a house,” used to be the number one question? Things have changed. The labor demand is inspiring employers to pay higher wages. Employers must compete to attract talent, and that higher pay is calling workers away from current jobs, and into different real estate markets. One area of this huge cultural shift is the question of “is this the best time to invest in real estate,” as a security measure for future wealth. And naturally, on the personal finance level the question becomes is this the best time to buy a house, or is it better to rent?
Many employers in the private sector have raised hourly pay by about 5% in the past year, according to federal data yet still many families are underprepared to buy at this time. Families will be looking to rent homes in the sunbelt states with a yard, and room for a home office. Low maintenance needed in a new home usually equals low turnover in renters.
“As an investor, the best time to invest in real estate is ALWAYS because the heart of the matter is that it is a long-term investment. This mindset of buying and doing nothing is the hardest thing for years, absolutely nothing. But it’s a future changer.” Explains Adiel Gorel owner of International Capital Group.
Thousands of investors have retired powerfully, and sent their kids to college, based on buying several single-family homes, getting a 30-year fixed-rate loan, putting a down payment, and then proceeding to do the hardest act for human beings to do— nothing. Just letting it sit there and increase in value while the loan decreases with every rent payment. The 30-year fixed-rate loan is the heart of the matter because inflation keeps eroding it down to a place where it looks like it’s hardly existent.
What the great migration is showing millions of workers, is that the question is no longer “What is the best time to invest in real estate?” Because ultimately it’s always the best time to buy a home. Remember, a mere 3% inflation typically decreases purchasing power by about one-third in only 10 years, so the time to buy is always as soon as possible. Buying a home, holding, especially when getting a good loan is the best time to invest in real estate.
Yes, it’s better to buy when there’s a downturn, just like in stock. But investors don’t let things like that stop them. And today the numbers tell the tale, people are not letting media predictions of bubbles popping or rates rising, stop them.
Visit ICGRE.com/guide to find out the best places to invest in real estate in 2022, the best times to invest in real estate. It can mean a huge difference to the financial future of families in the U.S. and all over the world.
Contact Info:
Name: Adiel Gorel
Email: Send Email
Organization: ALLUSA INVESTMENTS, INC
Address: 165 North Redwood Drive, Suite #250, San Rafael, CA 94903, United States
Phone: +1-415-927-7504
Website: https://icgre.com
Source: PressCable
Release ID: 89072236
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