You may want to consider buying a house or two this year. The market is weak, and great buys are abundant. Add the very low interest rates that are available now and you have got an opportunity that has not been seen in years.
Consider this;
$1 in 1929 is equal to $220 today
$1,000 in 1929 is equal to $220,000 today
$10,000 in 1929 is equal to $2,200,000 today
$100,000 in 1929 is equal to $22,000,000 today
So if you have $1,000,000 in the bank today, in 1929 the real value was $4,545!
Couple the low interest rates available today with the discounted prices of a home and you’ve got a great investment that will give you certain tax advantages and a great hedge against the inflation that is sure to come.
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