3/09/2008
THE BEST TIME TO START BUILDING EQUITY IS TODAY
That California home you purchased for $26,000 in 1970 may be worth $12 Million.
That’s right, as crazy as that sounds, if real estate appreciation continues for the next 38 years as it did for the last 38 years that is exactly what that home will be worth. We saw an increase of 2,165% since 1970. Weathering all types of economic storms, recessions, inflation, stock market lows, wars, higher unemployment, higher mortgage rates, there was still this incredible real estate increase. It is truly amazing, but experts see no reason why this trend wont continue. Comparing the costs of other items such as gasoline, in 1970 a gallon of gas was just 36 cents, and we all know where we are headed today, to $4 per gallon. Also, the median household income in 1970 was $8,730 and today we are nearing $50,000 per family.
As Naples, Florida custom homebuilder, Kaye Homes, states, “If someone is thinking of buying, don’t wait, you can start building that equity today. The Naples real estate market has been one of the hottest markets for the past 20 years, and there is no indication that will change any time soon, it’s a great time to buy”.
According to the past and projected increases, the home mentioned above we were talking about will increase nearly $6,000 per week, or $300,000 per year. Pretty amazing.
So, if you wait, you may be missing out on these huge increases.
Home prices do not go down and stay down. There are certainly corrections being made currently, but any more decreases are insignificant compared with the significance of increased equity.
Voted Florida’s Best Builder, Kaye Homes is Southwest Florida’s largest locally owned homebuilder. Since 1985, Kaye Homes has built over 3,000 homes for satisfied customers. With two model centers in Naples, Kaye Homes continues to provide unequaled value and quality for today’s homebuyer.
Our Personalized Homes present the finest custom luxury homes, priced from the $600s to $2 Million.
Our Performance Collection of Homes personifies value for the first time homebuyer and more price conscious buyer, priced from the $200s to $500s. Plus we have a wonderful selection of Showcase Homes ready for immediate occupancy priced from the $200s to $800s.
For more information and to find your next home please visit us at www.kayehomes.com
Or call 239 455 1007.
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