Why Do People Buy Homes?

Posted on December 14, 2010 by JA/LEX Real Estate in Shippensburg homes for sale Shippensburg real estate

Why Do People Buy Homes?
Brought to you by: JALEX Real Estate Services

A recent national housing survey indicates why people buy homes.  The top 4 results of that survey are the following:
-Having a good place to raise children and provide a good education
-Having a physical structure where you and your family feel safe
-It allows you to have more space for your family
-It gives you control over what you do with your living space
So where does short term investment potential rank?  It does not.  And it should not.  Real estate not short term investment.  Over time, as with all other investments, the value of your investment grows.  In the past decade the nation saw a sharp rise in real estate prices which did result in a bubble which did “bust”.  If you look at a graph of house values from 2004 through 2010 you’ll notice a drastic rise from 2004 through 2006.  Then in 2006 you’ll notice a quick drop in value.  In some areas, nationally, current house values have receded to 2004 levels! It is easy to simply look at that graph and stop there in determining whether you want to own your own home.  But look above at why people buy homes again.  Right, not as a short term investment.  A home is a place to raise your family.  A home provides your family with security and a future.  A home is where you build your family.  A home is who you are.  You own it!
Now let’s take a look at another graph.  Let’s look at the graph which represents home values over time for the last 20 years.  Yes, that is quite a different graph isn’t it?  It shows a rise in values, over time.  There are some ups and some downs.  But over all the increase of value is evident.  I can show another graph that clearly shows that if you invested $100,000 in real estate on January 1, 2010 the value of that investment is worth 48% more today at the end of 2010!  In spite of the real estate market downturn that is currently all we hear about in a sensationalist media!  The bottom line, Shippensburg real estate is still the most stable investment that you can make.  Real estate is not meant to be a short term investment.  Real estate is not an investment that allows you to pay off credit cards and buy new depreciating assets.  Real estate is a place to build a family and obtain long term wealth.  And Shippensburg real estate is still the best investment going.  As 2010 comes to a close interest rates have risen .75 points in the past month.  the current rate is still just about 5% fixed.  Look, the cost of obtaining your own home is as cheap as it is going to be for some time.  NOW IS THE TIME!  If you do not own a home, you need to buy one now while the cost is low.  If you own a home and have the means, you need to buy another right now while the cost is as low as it is going to get.  Someday you will thank yourselves for making the decision to get in.  In any investment, the time to buy is when people are running the other way!  What do you see happening right now?
JALEX Real Estate Services offer superior home buyer services for first time home buyers in the Shippensburg and Chambersburg area.  JALEX specializes in rental investment property location and buying services.  JALEX offers superior property management services.  JALEX can help you with all of your home buying needs.