If you bought a home in the last recession, how much money would have you made by now?

(October 03, 2015 )

If you bought a home in the last recession, how much money would have you made by now?

Everyone knows that real estate is a long term game. That being said, when the market begins to suffer, consumer confidence in real estate investing tends to go down. But is there any justification for this lack of confidence? Statistically speaking, quite the opposite is true.

According to the Calgary Real Estate Board Statistics Package, people who purchased a home in 2010 (mid recession) would have seen a 19% increase in the price of real estate. Assuming you put 20% down, that is a 100% return on your investment.

Warren Buffett’s famous quote, “Be fearful when people get greedy. Be greedy when people get fearful” rings very true in this marketplace. Anytime a market slows opportunities to capitalize for long term gains exist. Speak with your REALTOR today to understand how a purchase today can set you up for success tomorrow.

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