A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
Is owning a home losing its cache’
Home ownership is dropping and with the low interest rates,
you would think that the opposite would be true. This proves that you can’t
force people to do something that they do not want to do, even dangling the low
interest rates at those first time buyers is not working.
In my business of Property Management in Anaheim Ca. I
explain to people how great these interest rates are, but many Tenants today
have no sense of history when it comes to interest rates. People bought homes
with double digit interest rates several years ago and when I tell people that,
they can’t believe it and say they would never buy with those rates.
People
will only buy homes when they feel comfortable about their life situation and
no sooner and today, people do not feel comfortable about where the economy is
going, so they don’t feel comfortable about their own situation.
It is no different than the stock market, most people still
have no confidence in putting their money in the market, even though they see
the market going higher and higher every day and again the low interest rates
are trying to force people into the stock market, but many will keep their
money in a saving account for no interest rather then risk it in the stock market and
until people feel safe, they will not change their minds.
The best way to get people to buy homes and put money in the
stock market is to stop manipulating the market and just let things happen
naturally. If the economy is going to improve to the point where people are
going to feel comfortable then they need to be confident that the gains are
real and not a manufactured bubble.
Buying a home is still the best investment in my opinion and
people will come back to that realization in time. But in the mean time you may
want to get into the rental business.
A.D. Cantelmo Property
Management Specializes in Property Management in Orange County
Ca.