My New Blog

A second home, or vacation home, should not be considered a "short-term" investment such as those that have been "flipped" in the past few years.  That vacation home will pay you large dividends, not only in appreciation, but also with "priceless" enjoyment making family memories, and it is meant to be a long-term investment. 

 The current slow market allows buyers to take more time to research and make an educated decision. It also allows a buyer to afford more of a home with the opton of renting it out.  Instead of focusing on what the market is doing now, look to the future and consider the value of a purchase several years from now.  Real estate nearly always appreciates and it is predicted that even in those markets that were hit the hardest, like Las Vegas, normal appreciation rates will be back on track in 2009.  Property is still a terrific long-term investment, regardless of current market conditions.