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GRANDPA’S ADVICE———-“BUY REAL ESTATE“ ‘SEE CONCLUSION ‘
Malibu, Los Angeles, California Real Estate and Life
Homes-Land-Ranches-Commercial property-Farms-Memorial Parks-Public Recreation areas
From the beginning of recorded history owning or controlling land was an avenue for success in gaining security and safety when dealing with society and all the financial and production needs that make a community or an economy thrive and prosper. Space was needed to produce food, livestock, manufacture and warehouse products. Space was needed to sleep, eat, bathe and all the necessary activities associated to raising families from socializing, education, recreation, growing organic food, raising pets and animals and health necessities including recuperation of all kinds . THESE TRUTHS WILL NEVER CHANGE.
Space is an important part of life. In this space we all consume throughout our lives is where life happens. All the moments of our lives take place somewhere on the face of the Earth we live on. When we pass on many of us will have a small piece of the Earth to place our deceased bodies. The need for space on Earth never ends. As the population increases the value of space, land or homes increases. This too is also a universal truth.
There are many other factors that are part of the determining factors when we are evaluating the value of this space that we all consume. Economic factors are a major part of the current value of space and the consumption of that space. A reality of real estate values for the last 200 to 400 years is that ‘THERE IS A BOOM AND BUST CYCLE‘. This reality is hard to anticipate in the evaluation of real estate prices. It is important to know where the cycle is when purchasing homes and all forms of real estate. To benefit financially it is of course most advantages to purchase real estate at a low point in a pricing cycle. That being said it is always important to keep in mind the need for a home or land or farm or a production facility. If there is a need for a roof over your head, timing can take second place when determining the decision to purchase a home or a place to do business.
OVER THE COURSE OF TIME ALL REAL ESTATE VALUES INCREASE.
Over the course of time the value of real estate always increases. It is impossible to know exactly how that pricing cycle will unfold. There are historical precedents that will lend us clues to how real estate prices develop. The dynamics to those cycles are always slightly different and the precise determination of tomorrows value will be different for every downturn. The dynamics of the world keep changing. The dynamics of political intervention are an ever changing factor that it is impossible to predetermine.
Many of the most studied economic professionals invest massive amounts of time in the study of historic fluctuations. All are doing there very best to determine what factors are repeating themselves and what is the potential of creating a similar result that somewhat mimics the past performance of the economic factors. All this investment in studying the past is in an attempt to predict what tomorrow will bring. If they are successful in their determination they can invest capital into real estate, businesses, precious metals, raw material or commodities to increase their fortunes and build their capital reserves.
Many of these forecasters’ are very successful at there vocation and create massive wealth for themselves and their clients and followers. It is a matter of focus, experience and decision making. With all the different determining factors in the economics of capital evaluation it is very confusing and difficult to pick and choose the factors that will affect this particular set of factors and how those factors will actually affect the results they are working to determine.
Many prognosticators’ have conflicting conclusions. It is every person duty to determine for themselves who has the correct forecast and who is choosing the correct economic factors and set of details when determining their results, their forecasts. It can and is a daunting task.
‘HISTORY IS OUR BEST GUIDE’. All real estate values increase over an extended amount of time. If your goal is to increase your financial result over the course of time “THE BEST AND MOST SECURE INVESTMENT IS IN REAL ESTATE”.
I wish everyone well in your search for a home, for an investment, for a space that will help increase your security, safety and ability to create all the results that you would like to create in the span of your life time. It is never to early to create the results that you dream of weather that be writing a book, raising a family or building a custom automobile. All of it will take space. Now is a great time in are current economic cycle to benefit buy an upturn in real estate values. You can have a life and economics results that will help direct you in the direction you want to go, UP.
“NOW IS YOUR TIME TO CREATE SOME SPACE FOR YOURSELF AND YOUR DREAMS”
“NOW IS A GREAT TIME TO BUY REAL ESTATE”
It is my studied opinion that if you can buy a home in the higher price ranges soon, “YOU WILL HAVE THE BIGEST FINANCIAL RESULTS AVAILABLE IN THE REAL ESTATE MARKET.”
All areas of real estate will be increasing in value. If you need to buy with an FHA 3 ½% down payment to assist you to start your home ownership, DO IT. You will be glad you did.
My grandfather purchased a home in Culver City in 1955 for $5,500. This was a big expenditure at that time. He built two more homes on this lot within the next two years. For the rest of his life he had income from renting out the front house and the two backhouses became a home for he and my grandmother am=nd the other house became a home for his daughter, my aunt. When he passed away I purchased that propert for $380,000 approximately from my father and my aunt. I made some structural changes and later sold the same property for $880,000.
My Father and Mother purchased a track home in Baldwin Park in 1955 for $11,000. Ten years later they sold that home for $17,000. They then purchased a home in Monterey Park for $37,000. 18 years later they sold that home for $85,000. They then purchased a home in West Pasadena for $85,000. 20 years later they sold that home for $880,000.
During the time they owned these properties there were many recessions and economic downturns. They were not buying and selling homes to build their financial fortune. They were simply buying homes they needed to raise the five children they produced and have a base for their business, social and family life. They just happened to buy real estate and not rent.
It was always my grandfathers advice to buy real estate.
It was good advice then and it is great advice Now”.
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