Chicago Relocation

As read in Business Week – If you don’t buy a house now…

December 13, 2009

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….You’re stupid or broke!  Strong words, but thank you Marc Roth for exposing the emporer’s new clothes on this one!  Your humble author definitely has plans to buy at least some more investment property in 2010 and take advantage of these all time lows and historically low rates (although I’ve got a nagging vacancy in Chicago’s Tri Taylor neighborhood, if anyone is looking for a rental bargain!).

But back to Mr. Roth’s succinct appraisal – “Maybe you’re a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don’t act soon, you will regret it. Here’s why: historically low interest rates.”  He goes on to address a number of other issues that can apply to buying real estate in Chicago or just about anywhere else in the country.

Yes the nay-sayers will remind you that it’s very hard to get the best mortgage rate without fantastic credit, or that nasty little extras like property taxes have not gone down, or that 10.3 of us seem to unemployed – but that’s not “big picture” thinking.  If you have the means, this is an opportunity that won’t come again for many years.  So for those on the sidelines – Carpe Diem!

Read the fantstic article here.



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