Real Estate 2019 and Beyond interview with Jim Turano/Broker with 40 Years of Experience
Market trends, slowdowns, higher mortgage rates, cooling period, etc.
Let me tell you with 40 Years of Experience in the Real Estate business, Real Estate always was and always will be the best investment of your life.
Simply put so everyone can follow, Do you remember when you could have bought a Semi-detached two family in Middle Village, New York in 1979 for $85,000 dollars? Do you remember when Mortgage rates hit 17% in the early 1980’s?
What does it all mean? You do not have to have a Harvard degree to figure out what many immigrants figured out when they came from other Countries to have a better life over the years. “Investing in Real Estate.”
Think about this, earlier I mentioned a two family bought in 1979 for $85,000 dollars. Today the same home is at $1 million dollars Market Value. Do the math. In 40 years the home has gone up $915,000 dollars. Think what you would pay in rent for 40 years at todays current average of $2,000 dollars per month. That’s right over $960,000 dollars.
The point is, whether it slows down, cools down, or someone tells you the Real Estate Market is going down, just tell them okay thanks for telling me. It doesn’t matter what Experts predict, or Redfin says or Fortune Magazine. You just can not go wrong investing in Real Estate in 2019 and Beyond.
JIM TURANO/BROKER-DIVERSE REAL ESTATE *CELEBRATING 40 YEARS IN THE BUSINESS*
73-12 METROPOLITAN AVENUE, MIDDLE VILLAGE,NY11379 CELL 1-347-837-9206